Answer:
The financial system comprises all financial markets, instruments and institutions. Today I would like to address the issue of whether the design of the financial system matters for economic growth. My view is that the answer to this question is yes. According to cross-country comparisons, individual country studies as well as industry and firm level analyses, a positive link exists between the sophistication of the financial system and economic growth. While some gaps remain, I would say that the financial system is vitally linked to economic performance. Nevertheless, economists still hold conflicting views regarding the underlying mechanisms that explain the positive relation between the degree of development of the financial system and economic development.
Explanation:
Answer:
True
Explanation:
Its is true because the U.S dollar is global
Answer:
The Constitution over state law.
Explanation:
The Supremacy Clause basically states that, in the event that a state law conflicts with a federal law, the federal law is supreme and therefore takes precedence over the state law.
Answer:
The evolvement of the local government of Spanish Texas was a result of the Texas government been shaped largely within the Anglo-American tradition.
Major legacies reflected in Texas constitutions today were the merger of law and equity, community property, and protection of certain personal property from forced seizure for debt which has been a common practice among the local Spanish Texans.
Explanation:
Answer:
Hulagu Khan
Explanation:
Hulagu Khan was known for the Mongol catastrophe during the invasion of the Abbasid caliphate in 1258.
