The connection between a developed country's financial system and the performance of the country's economy
A) was significant in the late 1700s and early 1800s, but has mostly disappeared since that time.
B) was strong up until the Great Depression, when the connection was permanently lost.
C) has only become significant since the end of World War II.
D) was recognized in the early days of the country and remains strong today.

Question

Quizplus · Accepted Answer

The connection between a developed country's financial system and the performance of its economy has been recognized since the early days of economic thought and continues to be strong today. A well-functioning financial system is crucial for economic development as it facilitates investment, savings, and the efficient allocation of resources.

The Connection Between a Developed Country's Financial System and the Performance