Financial innovation is all of the following except:
A)the creation of new financial markets, institutions, and instruments.
B)new ways for people to spend, save, and borrow funds.
C)changes in the operation and scope of activities by financial intermediaries.
D)the removal of regulations.

Question

Quizplus · Accepted Answer

Financial innovation refers to the creation of new financial markets, institutions, and instruments as well as changes in the operation and scope of activities by financial intermediaries. The removal of regulations is not a necessary component of financial innovation and can have both positive and negative consequences on the financial system.

Financial Innovation Is All of the Following Except