As development increases, the ratio of financial to non-financial assets decreases.

Name: As development increases, the ratio of financial to non-financial assets decreases.
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As development increases, the ratio of financial to non-financial assets typically increases because financial markets become more sophisticated, offering a wider range of investment opportunities, and households and firms tend to hold a greater proportion of their assets in financial form.

As Development Increases, the Ratio of Financial to Non-Financial Assets