The benefits and costs of financial innovations are

Name: The benefits and costs of financial innovations are
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Benefits and costs of financial innovations are interdependent because every new financial innovation has its advantages and disadvantages. The benefits may outweigh the costs, or the costs may outweigh the benefits. Therefore, it is necessary to understand both aspects before making a decision about whether to adopt the innovation or not.

The Benefits and Costs of Financial Innovations Are