The Experience of Disintermediation in the Banking Industry Illustrates That

question 118

Multiple Choice

The experience of disintermediation in the banking industry illustrates that

• A)more regulation of financial markets may avoid such problems in the future.
• B)banks are unable to remain competitive with other financial intermediaries.
• C)consumers no longer desire the services that banks provide.
• D)markets invent alternatives to costly regulations.

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Definitions:

Voluntary Intoxication

A legal defense claiming that a person's ability to understand the wrongfulness of his or her actions was impaired due to intentional consumption of alcohol or drugs.

Premeditation

The action of planning or plotting in advance, especially with intent to commit a specific act such as a crime.

Criminal Liability

The legal responsibility for a crime, involving the imposition of penalties or other legal consequences on a person who commits a criminal act.

Mens Rea

A legal principle referring to the criminal intent or state of mind of an individual at the time of an offense.