8 Questions
Which term refers to the combination of financial institutions and markets?
Financial system
What role does the financial system play in the economic development of a nation?
Foundational role
Why may the role of the financial system not be apparent at first?
It is not well understood
What is the importance of the efficiency of the financial system?
Significant importance
What does the financial system serve as for the national economy?
Backbone
Which term refers to the principles and regulations established in a community by some authority and applicable to its people?
Legislation
What is the purpose of legislation and custom in a community?
To regulate the community
How are principles and regulations in a community enforced?
By judicial decision
Test your knowledge on financial institutions and markets with this quiz! Learn about the role they play in the national economy and their impact on economic development.
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