Which of the following is false?
A)Financial intermediaries are much more highly specialized today because competition is much greater.
B)Derivatives are tools of risk management that allow for the unbundling or risks.
C)Banks are increasingly relying on fee income as their share of intermediation declines.
D)Banks are much more automated than in the past.

Question

Quizplus · Accepted Answer

Competition may drive financial intermediaries to become more specialized, but this does not necessarily make them "much more highly specialized" than in the past. The level of specialization may vary depending on the industry and market conditions.

Which of the Following Is False