Which of the Following Played a Part in Financial Innovation

question 83

Multiple Choice

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

• A)technological advances in telecommunications
• B)increased geographic barriers to banking
• C)reduced competition from other intermediaries and nonfinancial firms
• D)All of the above played a part.

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Definitions:

Jail Term

The period of time a person is sentenced to spend in jail as punishment for a crime.

Fired

The termination of an individual's employment due to decision made by the employer, often for performance or behavioral reasons.

Lymphocytes

A type of white blood cell that is part of the immune system, with a primary role in protecting the body against viruses, bacteria, and other foreign invaders.

White Blood Cells

Cells of the immune system involved in protecting the body against both infectious disease and foreign invaders.