The relationship between financial development and economic growth is that:
A) Financial development is a consequence of economic growth, but nothing more.
B) Economic growth is a consequence of financial development, but the causality probably runs both ways.
C) If there is any correlation between financial development and economic growth, it is largely spurious
D) None of the above
Correct Answer:
Verified
Q2: Financial innovation is_.
Q3: The benefits of financial innovation are that...
Q4: Financial innovation is often intended to:
A)resolve agency
Q5: There may be too much financial development
Q6: Regulatory arbitrage refers to _.
Q7: A more competitive banking environment:
A)Destroys relationship banking
B)Elevates
Q8: The dark sides of financial innovation are
Q9: CRA stands for:
A)Community Revival Agency
B)Cash Register Advances
C)Credit
Q11: Securitization...
A)connects banks and markets.
B)should be banned because
Q12: CRAs exist because...
A)they are protected as an
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