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Question 13 0.33 pts An International Monetary Fund Factsheet makes the following observation regarding sound financial systems: A country's financial system..provide[s] a framework.[for] supporting economic
Question 13 0.33 pts An International Monetary Fund Factsheet makes the following observation regarding sound financial systems: "A country's financial system..provide[s] a framework.[for] supporting economic growth." Source: "Financial System Soundness," International Monetary Fund Factsheet, March 2013. Do you agree with this observation? Briefly explain. A weak financial system might make economic growth difficult, since O a weak financial system implies that the government does not have enough resources. O a strong financial sector is needed for export-led economic growth. O capital investment, essential for rapid economic growth, is often financed by borrowed funds and an unstable financial system leads to difficulty attracting loanable funds. O a strong financial system is needed to provide employment for the country's labor force
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