The basic requirements for an effective financial system in a developed economy include:
A)a monetary system
B)a savings-investment process
C)markets for the transfer of financial assets
D)all of the above

Question

Quizplus · Accepted Answer

All of the above options are necessary for an effective financial system in a developed economy. A monetary system provides the means for exchanging goods and services, while a savings-investment process facilitates the allocation of resources and promotes economic growth. Markets for the transfer of financial assets, such as stocks and bonds, allow for the efficient flow of capital within the economy. Therefore, all of these components are essential for a well-functioning financial system.

The Basic Requirements for an Effective Financial System in a Developed