For the most part,countries with ________ of financial development have ________ of real GDP per capita.
A) high levels; low levels
B) high levels; high levels
C) low levels; high levels
D) There is no discernable relationship between the level of financial development in a country and that country's level of real GDP per capita.
Correct Answer:
Verified
Q3: The presence of information and transactions cost
Q4: It is generally agreed that
A) the financial
Q5: All of the following are factors that
Q6: In the 1790s,Treasury Secretary Alexander Hamilton made
Q8: Financial intermediaries reduce transactions costs by
A)charging fees
Q9: The connection between a developed country's financial
Q11: Which of the following is TRUE regarding
Q13: Information costs
A)are the costs of buying and
Q17: The presence of transactions costs and information
Q18: Financial intermediaries emerged
A)to make loans to governments.
B)to
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