The Basic Requirements for an Effective Financial System in a Developed

question 32

Multiple Choice

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

---

Definitions:

Radios

Electronic devices designed for receiving and sometimes transmitting sound broadcasts via electromagnetic waves.

National Defense

The governmental actions, including military actions and strategies, to defend the country against threats to its security.

Consumer Goods

Products sold to consumers for their personal or household use, as opposed to industrial goods which are used to produce other goods.

Standard Of Living

The quantity of financial wealth, ease of living, possessions in material form, and required sustenance for a certain socioeconomic sector or geographic locale.