Integration of the financial system globally is a result of deregulation of foreign exchange markets, money and capital markets, and banking systems.

Question

Quizplus · Accepted Answer

The statement is true. The deregulation of foreign exchange markets, money and capital markets, and banking systems has led to the integration of the financial system globally. This has enabled capital to flow freely across borders, increasing investment opportunities and economic growth. However, it has also increased the risks of financial crises and contagion.

Integration of the Financial System Globally Is a Result of Deregulation