According to the author, the problem of Broken Money caused by the mismatch between the durations of deposits and loans is:
A. strictly technological.
B. economic (e.g. lack of resources) and technological.
C. political (e.g. lack of regulations) and technological.
D. economic, political, and technological.

Question

BlackTom AI · Accepted Answer

The question asks about the author’s framing of the problem of Broken Money in relation to the mismatch between deposit and loan durations.
Option A: 'A. strictly technological.' This posits that the issue is purely a technical or engineering mismatch. In many discussions of financial systems, however, the problem is not confined to technology alone; it often involves broader systemic factors, so labeling it strictly technological is overly narrow.
Option B: 'B. economic (e.g. lack of resources) and technological.' Here the claim adds an economic dimension such as resource scarcity but still confines the problem to a combination of economics and technology. While economics and technology can contribute, this choice omits political and regulatory elements that commonly influence financial durations and market structure.
Option C: 'C. political (e.g. lack of regulations) and technological.' This stresses governance and regulatory issues along with technology, highlighting that policy and institutional design affect how deposit and loan durations align. Yet, by excluding economic factors, it presents an incomplete picture if the author argues that market feasibility, resource constraints, and financial incentives also play a role.
Option D: 'D. economic, political, and technological.' This option integrates all three domains: economics (resource availability, market incentives, efficiency), politics (regulation, policy design, supervisory frameworks), and technology (systems, platforms, liquidity management). This broader, multi-dimensional framing aligns with holistic analyses of complex financial-system mismatches, acknowledging that duration mismatches arise from intertwined market, regulatory, and technological dynamics rather than a single cause.
In summary, each option progressively adds dimensions to the problem. A oversimplifies by removing non-technological factors, B adds economics but still omits governance, C emphasizes politics but neglects economic realities, and D comprehensively includes economic, political, and technological factors. The author's stance is best captured by the most inclusive description, which points to an interplay among all three domains rather than any one in isolation.

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