Economics · Characteristics of Developing Economies
Developing countries are financial markets generally characterized by which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Perfect and highly efficient functioning of money markets
- 2Absolute absence of capital markets
- 3Improper and underdeveloped functioning of capital markets✓
- 4Complete absence of both money markets and capital markets
Correct answer
Improper and underdeveloped functioning of capital markets
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