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The relative pronoun which in the fragment of the text “which include banks, insurance companies, pension funds, organized exchanges, and the many other companies" (lines 24-26) refers to
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According to the text, a definition for the expression “the efficient allocation of economic resources” (lines 6-7) is:
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In the fragment of the text “the efficient allocation of economic resources is achieved by a financial system that allocates money to those people and for those purposes that will yield the greatest return” (lines 19-22), the verb form yield can be replaced, without change in meaning, by
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In the fragment of the text “Hence, the efficient allocation of economic resources” (lines 18-19), the connector Hence conveys an idea of
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From the sentence of the text “The financial system of an economy provides the means to collect money from the people who have it and distribute it to those who can use it best” (lines 16-18), it can be inferred that people who
