How Have the Innovations of Global Financial Networks and Computerized

question 110

Multiple Choice

How have the innovations of global financial networks and computerized money and information transfer systems changed financial intermediation?

• A)Financial intermediation has become riskier because it is more difficult to stay informed about worldwide events.
• B)Financial intermediation has become more costly because it is necessary to invest in high cost technology.
• C)Financial intermediation has been unaffected.
• D)Financial intermediation has become more costly as global firms exploit economies of scale and scope.
• E)Financial intermediation has become less risky as firms become adept at maintaining zero gap positions.

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Definitions:

Channels of Communication

The various paths or mediums through which information, messages, or data are delivered or received, such as email, phone, or face-to-face meetings.

Lines of Communication

Describes the routes through which information flows within an organization, ensuring clarity, efficiency, and effectiveness in messaging.

Social Media

Platforms and websites that enable users to create and share content or participate in social networking.

Mobile Devices

Portable electronic gadgets with computing capabilities, such as smartphones and tablets, used for communication, information, and entertainment.