_______________ is the strengthening and growth of a nation-s financial sector institutions, payments systems, and regulatory agencies.

Question

Quizplus · Accepted Answer

Financial sector development involves the strengthening and growth of a nation's financial sector institutions, payments systems, and regulatory agencies. It aims to increase access to financial services, improve financial literacy, foster competition, and promote financial stability. Capital market liberalization involves the removal of restrictions on the flow of capital and investments across national borders. Contagion refers to the spread of financial crises from one country or sector to another. Conditionality refers to the requirements imposed by international financial institutions on countries in exchange for financial assistance. None of the other options match the definition of financial sector development.

_______________ Is the Strengthening and Growth of a Nation-S Financial