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 increased while the percentage for mutual funds has decreased.
B) controlled by banks has decreased as has the percentage for mutual funds while insurance companies have increased their percentage.
C) controlled by insurance companies and mutual funds has decreased and the percentage controlled by banks has increased.
D) controlled by banks has decreased while the percentage for mutual funds has increased.

Question

Quizplus · Accepted Answer

Over the past 40 years, the trend in the financial industry has seen a decrease in the percentage of assets controlled by banks, while mutual funds have experienced an increase in their share of assets. This reflects a broader diversification of investment vehicles and a shift away from traditional banking institutions towards more varied forms of investment.

Which of the Following Statements Best Completes the Following Statement