Convergence refers the various types of financial services that are available today because of changes in technology.
Correct Answer:
Verified
Q1: Consolidation refers to the concentration of assets
Q3: One of the benefits of intermediation is
Q4: Secondary securities include demand deposits and mutual
Q5: The principal assets of financial intermediaries are
Q6: Insurance transfers risk between financial intermediaries.
Q7: The McCarren-Ferguson Act concerns the regulation of
Q8: Decreasing term insurance provides for decreasing protection,
Q9: Credit life insurance is used to ensure
Q10: Cash surrender value is the current price
Q11: CMOs are similar to ABS.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents