The most important source of the changes in supply conditions that stimulate financial innovation has been the
A) deregulation of financial institutions.
B) dramatic increase in the volatility of interest rates.
C) improvement in computer and telecommunications technology.
D) dramatic increase in competition from foreign banks.

Question

Quizplus · Accepted Answer

The improvement in computer and telecommunications technology has been a crucial driver of financial innovation, enabling new financial products and services, enhancing efficiency, and reducing costs.

The Most Important Source of the Changes in Supply Conditions