Collin College Financial System Integration Worksheet
Description
Answer all the questions below.
- Why do you think the financial system has become more globally integrated over time? Can you think of any downside to this increased integration? (LO1)
2. As the end of the month approaches, you realize that you probably will not be able to pay the next months rent. Describe both an informal and a formal financial instrument that you might use to solve your dilemma. (LO1)
3. While we often associate informal financial arrangements with poorer countries where financial systems are less developed, informal arrangements often coexist within the most developed financial systems. What advantages might there be to engaging in informal arrangements rather than utilizing the formal financial sector? (LO1)
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