Why do you think the financial system has become more globally
integrated over time? Can you think of any downside to
this increased integration?
If offered the choice of receiving $1,000 today or $1,000 in
one year’s time, which option would you choose, and why?
Suppose financial institutions didn’t exist but you urgently
needed a loan. Where would you most likely get this loan? Using
Core Principles, identify an advantage and a disadvantage this
arrangement might have over borrowing from a...