The global scope and activity of the global financial system has been made possible in large part by
A) policies of the World Bank.
B) new information technologies.
C) the global decline of communism.
D) the strength of the U.S. dollar.
E) structural adjustment programs.

Question

Quizplus · Accepted Answer

New information technologies have made it easier and faster to transfer information and money across borders, allowing for the growth of the global financial system. While policies of the World Bank and structural adjustment programs have played a role in shaping economic policies around the world, they do not directly account for the global scope and activity of the financial system. The global decline of communism and the strength of the US dollar may have had some impact on the system, but they are not the primary drivers.

The Global Scope and Activity of the Global Financial System