Crucial elements of well-developed financial systems include all of the following except:
A)government control of the economy
B)financial intermediaries
C)financial markets
D)all of the above

Question

Quizplus · Accepted Answer

Government control of the economy is not a crucial element of a well-developed financial system. In fact, a well-developed financial system is characterized by a balance between government regulation and market discipline. Financial intermediaries and financial markets are crucial elements of a well-developed financial system, as they provide channels for the flow of funds between savers and borrowers, and help to allocate capital efficiently.

Crucial Elements of Well-Developed Financial Systems Include All of the Following