Questions and Answers
What are the important sources of technical progress according to the text?
Human and physical capital
What is one of the key factors required for the increase in human and physical capital?
Higher savings and investment
How does the financial system help in achieving higher savings and investment?
By linkages between savers and investors
What is one of the key functions of a financial system regarding investment performance?
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What does a good financial system achieve in terms of finance availability?
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How does a financial system contribute to economic development through market enlargement?
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What does an efficient financial system aim at?
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How does a financial system help in promoting savings?
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What does financial deepening refer to?
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How does a financial system help in reducing asymmetric information issues?
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What is one of the benefits of a well-functioning financial system?
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What is one aspect of financial broadening?
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