Which of the following is not a reason for the rapid pace of financial innovation in the United States in the past 40 years?
A)the rise in inflation and interest rates
B)increased domestic and global competition from other financial intermediaries
C)Congressional mandates that require financial intermediaries to innovate
D)price and interest rate volatility

Question

Quizplus · Accepted Answer

While there have been various factors that have contributed to the rapid pace of financial innovation in the US over the past 40 years, there have been no specific Congressional mandates that require financial intermediaries to innovate. Factors that have contributed to the pace of innovation include the rise in inflation and interest rates, increased competition from other financial intermediaries, and price and interest rate volatility.

Which of the Following Is Not a Reason for the Rapid