Capital markets of poor developing countries that liberalized their financial systems to allow private asset trade with foreigners are called

Question

Quizplus · Accepted Answer

The term used to describe the capital markets of poor developing countries that liberalized their financial systems to allow private asset trade with foreigners is "emerging markets". Option A, direct foreign markets, is not a commonly used term in finance. Option B, foreign exchange markets, refers specifically to the market for exchanging currencies. Option C, stock and bond markets, is too broad a term and does not specifically denote the developing countries that have liberalized their financial systems. Option E, fledgling financial markets, is not a commonly used term in finance and does not necessarily imply liberalization.

Capital Markets of Poor Developing Countries That Liberalized Their Financial