Question

Development financial institutions were established to ______.

Options

• provide short term funds.

• develop industry, agriculture and other key sectors.

• regulate the money market.

• regulate the capital market.

Answer 1

Development financial institutions were established to develop industry, agriculture and other key sectors.

Explanation:

Development Financial Institutions (DFIs) are specialized financial institutions established to provide long-term financing and support for the development of key sectors such as industry, agriculture, infrastructure, and other critical areas that contribute to economic growth.