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Practice Listening: Fill in the Blanks (Type In)
ID: #52221
Short
Money
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We think of money as one of biggest inventions of mankind. With the widespread use of money, was born. Nowadays all the economies are financial. Their financial systems have grown in their size and complexity. We see a wide array of financial institutions trading in complex financial assets on interdependent financial markets with a single aim of bringing together savers and in their desire of making the best use of their wealth. Development of financial systems has thus become a close companion of general development. At the top of these financial systems are modern central banks with a difficult of using money as a steering wheel between the dangers of inflation and recessions. Good understanding of the mechanics of financial systems is of essence. The growing of financial markets in a globalized world is making such a knowledge a necessity for good analytical skills.
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