Which of the following played a part in financial innovation during the past 30 years?
A)technological advances in telecommunications
B)increased geographic barriers to banking
C)reduced competition from other intermediaries and nonfinancial firms
D)All of the above played a part.

Question

Quizplus · Accepted Answer

Technological advances in telecommunications have allowed for the development of new financial instruments and markets, such as online banking and electronic payment systems. Increased geographic barriers to banking and reduced competition from other intermediaries and nonfinancial firms have not played a significant role in financial innovation during the past 30 years.

Which of the Following Played a Part in Financial Innovation