Why is the effectiveness and stability of a country's financial system essential to economic growth? a) The government cannot function without issuing stocks. b) Households cannot save if they do not borrow

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asked Apr 3, 2023 178k views

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Why is the effectiveness and stability of a country's financial system essential to economic growth?

a) The government cannot function without issuing stocks.
b) Households cannot save if they do not borrow money.
c) It allows firms to finance technological advancements, which lead to economic growth.
d) Firms need it to loan money to employees.

Social Studies
college

Belzebub asked

by Belzebub

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Answer: It allows firms to finance technological advancements, which lead to economic growth

Step-by-step explanation:

Jayj answered Apr 8, 2023

by Jayj

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