Which of the following is not a major characteristic of the financial system in the early 2000s?
A)increased automation of FIs
B)increased securitization
C)increased share of intermediation for banks
D)increased globalization

Question

Quizplus · Accepted Answer

The share of intermediation for banks actually decreased in the early 2000s, with non-bank financial institutions gaining a larger role in the financial system. The other three choices are all major characteristics of the financial system in the early 2000s.

Which of the Following Is Not a Major Characteristic of the Financial