The Most Significant Change in the Economic Environment That Changed

question 79

Multiple Choice

The most significant change in the economic environment that changed the demand for financial products since 1970 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:

National Achievement Test

It is an examination given annually in many countries designed to test the academic achievement of students in a variety of subjects.

Standard Deviation

A statistical metric that quantifies the variability or spread in a dataset or distribution.

Income Tax Returns

Documents filed with the government that report income, expenditures, and taxes owed for a specific year, used by individuals and entities.

Standard Deviation

A strategy to evaluate the amount of deviation or spread among a collection of numbers.