Financial transactions between nations have increased faster in volume than has international trade in goods and nonfinancial services.

Question

Quizplus · Accepted Answer

Financial transactions have grown at a faster pace due to the globalization of financial markets, advancements in technology, and deregulation, which have facilitated easier and quicker cross-border financial activities compared to the growth in international trade of goods and nonfinancial services.

Financial Transactions Between Nations Have Increased Faster in Volume Than