ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -AI and machine learning are the future of finance.
Detailed explanation-2: -Various factors affect to financial stability that among them macroeconomic variables (inflation, GDP, exchange rate) and banks’ special conditions (the profitability of banks, the ratio of cost to the income ratio of loans to assets of banks) are the most important.
Detailed explanation-3: -The future of finance and accounting involves minimizing human interference in tasks that can be automated. Senior executives and human resources must lead the change and encourage employees to develop the competencies and mindset that will prepare them for finance transformation and the digital world.
Detailed explanation-4: -Financial development promotes growth and increases employment through capital accumulation and technological innovation (Kapidani & Luci, 2019. (2019). The Effects on innovation from financial sector development: Evidence from developing countries. Journal of Competitiveness, 11(2), 84–94.