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- Why financial institutions are crucial for the economic development of a country? Discuss various roles and functions of financial institutions.How do financial institutions benefit the overall economy?a. “Financial intermediaries play a crucial role in an economic crisis–they are responsible for both causing the market to crash and then helping it recover from the crisis.” Is this statement true? Discuss with an example. b. Discuss the role of banks as financial institutions that fuel the economic growth of a nation.
- Which of the following can be considered as financial institutions in a good financial system? a. Treasuries b. Stock Exchanges c. Banks d. Alldo you think that the collaboration between Central Banks and Government creates challenges for supporting economic growth and development?What are the opportunities brought about by Financial Technology with respect to the goals of Financial Institutions?
- explain with illustrations, the defferent roles financial markets and financial institutions play in the development of the economy of Ghana.What is the role of public finance in the economic development of a country?Describe how financial intermediationand financial innovation affect bankingand the economy
- c) How would economic transactions between suppliers of funds (e.g., households) and users of funds (e.g., corporations) occur in a world without financial institutions?a. “A robust financial market is one of the pillars of stable economic growth and securedfinancial sustainability for the future.” Discuss. b. Why do managers of financial institutions care so much about the activities of the Central Bank?What is a Financial Institution? How financial institutions are important for economic development of a country? Describe the two basic functions of the four important financial institutions.