Which of the following statements best completes the following statement: "Over the past 40 years, the percentage(s) of assets for all financial intermediaries…"?
A) controlled by banks has decreased as has the percentage for mutual funds while insurance companies have increased their percentage.
B) controlled by insurance companies and mutual funds has decreased and the percentage controlled by banks has increased.
C) controlled by banks and insurance companies has decreased while the percentage controlled by mutual funds and pensions has increased.
D) controlled by banks, insurance companies, mutual funds and pensions have all increased.

Question

Quizplus · Accepted Answer

The statement suggests that the percentages for all financial intermediaries have changed over the past 40 years. Option A is incorrect because it states that insurance companies have increased their percentage, while the prompt doesn't indicate a clear increase. Option B is also incorrect because the statement indicates that the percentage controlled by banks has decreased. Option D is incorrect because the prompt doesn't indicate an increase in all four financial intermediaries. Option C is the correct answer because it correctly identifies the decreasing percentages for banks and insurance companies and the increasing percentages for mutual funds and pensions.

Which of the Following Statements Best Completes the Following Statement