The most significant change in the economic environment that changed the demand for financial products in recent years has been
A)the aging of the baby-boomer generation.
B)the dramatic increase in the volatility of interest rates.
C)the dramatic increase in competition from foreign banks.
D)the deregulation of financial institutions.

Question

Quizplus · Accepted Answer

The dramatic increase in the volatility of interest rates has significantly impacted the demand for financial products, as it affects borrowing costs, investment returns, and risk management strategies.

The Most Significant Change in the Economic Environment That Changed