Which of the following played a part in financial innovation during the past 30 years?
A)technological advances in telecommunications
B)profit-seeking opportunities
C)regulatory avoidance and increased competition from other intermediaries and nonfinancial firms
D)All of the above played a part.

Question

Quizplus · Accepted Answer

All of the listed factors played a role in financial innovation during the past 30 years. Technological advances in telecommunications allowed for faster and more efficient communication and transactions. Profit-seeking opportunities motivated financial institutions to create new products and services. Regulatory avoidance and increased competition from other intermediaries and nonfinancial firms led to a push for more creative and innovative financial solutions.

Which of the Following Played a Part in Financial Innovation