Answer: The papal deposing power was the most powerful tool of the political authority claimed by and on behalf of the Roman Pontiff, in medieval and early modern thought, amounting to the assertion of the Pope's power to declare a Christian monarch heretical and powerless to rule. Pope Gregory VII's Dictatus Papae (c.
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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
Simply
Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.
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