The Improvement in the Provision of Financial Services Over Time

question 29

Multiple Choice

The improvement in the provision of financial services over time is known as:

• A)financial innovation
• B)coincidence of wants
• C)deregulation
• D)financial conglomerates
• E)the global financial system.

---

Definitions:

Authority

The legitimate or socially approved use of power, often associated with roles or positions held by individuals or institutions.

Emotional State

The internal condition of feeling or mood of an individual, which can influence perceptions, behaviors, and attitudes.

Affective Action

Behavior driven by emotions and feelings rather than rational calculations or societal norms.

Means-ends Rationality

A decision-making process where actions are planned to achieve specific goals, emphasizing efficiency and the logical selection of means.