Financial diversification is the process by which individual savings are accumulated in depository institutions and, in turn, lent or invested.

Name: Financial diversification is the process by which individual savings are accumulated in depository institutions and, in turn, lent or invested.
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Question

Quizplus · Accepted Answer

Financial diversification refers to spreading investments across various financial assets to reduce risk, not the process of accumulating savings in depository institutions for lending or investing.

Financial Diversification Is the Process by Which Individual Savings Are