Respuesta :
The statement given is TRUE. The financial system coordinates investment and saving, which are important determinants of long-run real GDP.
What is meant by Financial system?
A financial system is a collection of organizations and procedures that are used to facilitate the exchange of funds on a global, regional, or firm-specific level. Market-based principles, centralized planning, or a combination of the two can be used to organize financial institutions.
What is a country's GDP?
The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by that manufacturing, or the total amount spent on finished goods and services (less imports).
Learn more about GDP here:
brainly.com/question/15682765
#SPJ4
