________ is among the ingredients of "a first-rate financial system."

Question

Quizplus · Accepted Answer

Legal reform to strengthen financial contracts is necessary to ensure transparency, enforceability, and protection of parties involved in financial transactions. It also contributes to overall trust in the financial system by reducing uncertainty and risk.

Answer: D 
 High saving rates allow for greater investment and access to capital, which are crucial for economic growth and stability. It also helps to mitigate financial risks and provide a cushion for unexpected events.

________ Is Among the Ingredients of "A First-Rate Financial System