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:
Shang dynasty was the reputed successor to the quasi-legendary first dynasty, the Xia
The answer is D, Upton Sinclair and Lincoln Steffens.
<span>True. Trade is one of the main reasons why
colonies expanded throughout Africa, India, and the Far East. This industry
made information dissemination easier for different countries all over the
world. Due to merchants, profitable produce and other goods are being
discovered in other lands. This is the reason why colonies increased in numbers
throughout history. People were always in search of commodities or produce that
is unique and can be easily traded. </span>
<span>The term "due process" appears in Fifth and Fourteenth Constitutional amendments.</span>
