The process of creating new financial products is sometimes referred to as
A)financial frontiering
B)financial engineering
C)financial modeling
D)financial innovation
E)none of the above

Question

Quizplus · Accepted Answer

The process of creating new financial products is commonly known as financial engineering, which involves using mathematical and quantitative analysis to design innovative financial instruments and products that can meet the evolving needs of the market. This process is often carried out by financial institutions, banks, and investment firms seeking to gain a competitive edge in the market and increase their profits by creating new investment opportunities.

The Process of Creating New Financial Products Is Sometimes Referred