Question

financial system
and economic development plz snd me answer of this question​

Answer 1

Answer:

The financial system plays a crucial role in the economic development of a country. Businesses and industries are financed by the financial systems which lead to growth in employment and in turn increase economic activity and domestic trade.

Answer 2

Answer:

ANSWER:-

• Financial system promotes capital market. A dynamic capital market is capable of attracting funds both from domestic and abroad. With more capital, investment will expand and this will speed up the economic development of a country.

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Itzgirl45 ❤️