Which of the Following Is Not a Major Characteristic of the Financial

question 66

Multiple Choice

Which of the following is not a major characteristic of the financial system in the early 2000s?

• A)increased automation of FIs
• B)increased securitization
• C)increased share of intermediation for banks
• D)increased globalization

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Definitions:

Fixed Costs

Expenses that do not change in response to the level of goods or services produced by the business, such as rent, salaries, and insurance.

Composite Unit

A measurement or quantity combining two or more units to represent a product or system's multiple aspects.

Contribution Margin

The difference between the sales revenue and variable costs of a product, indicating how much contributes to covering fixed costs and earning profit.

Contribution Margin

The residual amount from sales income following the deduction of variable expenses, allocated for covering fixed costs and producing profit.