The Most Significant Change in the Economic Environment That Changed

question 84

Multiple Choice

The most significant change in the economic environment that changed the demand for financial products in recent years has been

• A)the aging of the baby-boomer generation.
• B)the dramatic increase in the volatility of interest rates.
• C)the dramatic increase in competition from foreign banks.
• D)the deregulation of financial institutions.

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Definitions:

Minor Burn

A burn injury that affects only the outer layer of skin, typically healing without significant medical intervention.

Myopia

A common vision condition also known as nearsightedness, where objects far away appear blurry while close objects can be seen clearly.

Objects Clearly

The capacity to see or perceive things with clarity and sharpness.

Close Range

A short distance between two points or objects, often used in reference to shooting or photography where the subject is near the shooter or the camera.