Directions: Fill in the blanks in the passage below, with the word from among the options given for each blank labelled (1) to (5). Choose the word that fits in each blank most appropriately in the context of the passage.

The global economy heavily relies on effective financial systems. Efficient financial markets are essential for (A)______ economic growth and development. They facilitate the allocation of (B)______ and capital, enabling businesses to raise funds for investment and expansion. Financial institutions such as banks, (C)______ companies, and investment firms play a crucial role in providing financial services and managing risks. (D)______ stability is vital to ensure the smooth functioning of financial systems, as disruptions can have far-reaching (E)______ on the overall economy.