In recent years, the global movement of money has been enhanced primarily by
A) establishment of new stock exchanges in London, New York, and Tokyo.
B) improvements in electronic communications.
C) relocation of production from core to peripheral regions.
D) uneven development of national banking sectors.
E) safeguards to ensure that economic recessions do not result from bank policies.

Question

Quizplus · Accepted Answer

Improvements in electronic communications have made it easier and faster to transfer money across borders, leading to an enhanced global movement of money. This has been facilitated by advancements in digital banking, mobile payments, and online money transfer platforms. The establishment of new stock exchanges, relocation of production, uneven development of national banking sectors, and safeguards to prevent economic recessions are all factors that may also impact the global movement of money, but to a lesser extent than electronic communication advancements.

In Recent Years, the Global Movement of Money Has Been