16-19 Increases in the rate of innovation of new financial products,whether successful or not,is often credited to advances in technology.

Question

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Advances in technology have enabled financial institutions to develop and market new financial products and services more quickly and efficiently, leading to an increase in the rate of innovation. This includes the development of online banking, mobile payment systems, and robo-advisors, among other examples.

16-19 Increases in the Rate of Innovation of New Financial