Why is well-functioning financial system is a critical ingredient in achieving long-run growth? It ensures that savings are channeled towards productive investment projects efficiently. It ensures that savings are avaialble during economic downturns. It allows funds for economic recoveries. It facilitates international trade.

Why is well-functioning financial system is a critical ingredient in achieving long-run growth? It ensures that savings are channeled towards productive investment projects efficiently. It ensures that savings are avaialble during economic downturns. It allows funds for economic recoveries. It facilitates international trade.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter27: Investment, The Capital Market, And The Wealth Of Nations

Section: Chapter Questions

Problem 11CQ

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