What is not a characteristic of a stable financial system?
A financial system involves the transactional exchange of funds among investors, lenders and borrowers, which helps to promote economic growth and fulfill an economy's basic functions. A stable financial system is characterized by efficiency, whereby an efficient system allocates money and other resources for the greatest possible benefit to the economy.
Answer and Explanation:
High inflation is not a characteristic of a stable financial system. Inflation is the rate at which the prices of goods and services rise over a...
See full answer below.
Become a member and unlock all Study Answers
Try it risk-free for 30 daysTry it risk-free
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Learn more about this topic:
from GACE Marketing Education (546): Practice & Study GuideChapter 3 / Lesson 14