Financial Innovation Is

question 131

Multiple Choice

Financial innovation is

• A) the development of new financial products and services.
• B) the process of turning assets into a more liquid form.
• C) responsible for credit cards being included as part of money.
• D) causing a decrease in bank profits.

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Definitions:

Capillaries

The smallest blood vessels in the body's circulatory system, responsible for the exchange of oxygen, nutrients, and waste products between blood and tissues.

Veins

Blood vessels that carry blood towards the heart, typically carrying deoxygenated blood from various parts of the body.

Existential Intelligence

A term from Howard Gardner's theory of multiple intelligences, highlighting an individual's capacity to tackle deep questions about human existence, such as the meaning of life, why we die, and how we got here.

Fluid Intelligence

The faculty to use rational thought and address challenges in new contexts without the help of learned material.