What,particularly in a developing country,is the most visible and vital component of the financial system (as acceptor of deposits and grantor of shorter-term credit)?
A) investment banking
B) commercial banking
C) foreign investors
D) hedge funds

Question

Quizplus · Accepted Answer

Commercial banks are the most visible and vital component of the financial system in a developing country as they are the main acceptors of deposits and grantors of shorter-term credit to individuals and businesses. Investment banking, hedge funds, and foreign investors may also contribute to the financial system but are not as essential as commercial banks in meeting the financial needs of the general population.

What,particularly in a Developing Country,is the Most Visible and Vital