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:

Cognitive Improvement

The enhancement or advancement of cognitive abilities, such as memory, attention, problem-solving, and executive functions.

Moral Changes

The evolution or alterations in a person's understanding, values, and behaviors regarding what is right or wrong within a society or culture over time or due to experiences.

Prescription Drugs

Medications that require a doctor's authorization before they can be obtained.

Adolescents

Describes teenagers or those transitioning from childhood to adulthood, typically between ages 13 and 19.