Question

Why is it relevant that finance tends to attract large amounts of money? a. Money can be used for good or evil b. Finance attracts people from around the globe c. Financial markets are a critical components of economic success d. All of the above

Answer 1

Answer: c. Financial markets are a critical components of economic success

Explanation:

Economic success runs on companies and individuals being able to produce goods and services for the economy. To be able to do so they need capital to invest and most times they don't have that capital.

This is where Finance comes in. It connects people who do not have the capital but want to produce to those that have the capital but do not necessarily want to produce.

The huge amounts of money that finance attracts is channelled to those who need it. They then produce and the economy becomes successful.