Which of the Following Played a Part in Financial Innovation

question 16

Multiple Choice

Which of the following played a part in financial innovation during the past 30 years?

• A)technological advances in telecommunications
• B)profit-seeking opportunities
• C)regulatory avoidance and increased competition from other intermediaries and nonfinancial firms
• D)All of the above played a part.

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Definitions:

Asset Section

A part of a financial statement that lists all the assets owned by an individual or organization.

Services Revenue

Income generated from services provided by a company rather than from selling physical goods.

Going Concern Assumption

The accounting principle that assumes a company will continue to operate in the foreseeable future, and not liquidate its assets.

Accounting Information

Data related to financial transactions and status of a business, used for analysis, planning, and decision-making purposes.