Some economists suspect that one of the reasons

Some economists suspect that one of the reasons

1. Some economists suspect that one of the reasons that economies in developing countries grow so slowly is that they do not have well-developed financial markets. Does this argument make sense? 4. Describe how authority over deposit-based financial intermediaries is split among the Bank of Canada, the OSFI, and the CDIC.

2. Because corporations do not actually raise any funds in secondary markets, these markets are less important to the economy than primary markets. Comment