Which of the following statements best characterizes U.S.depository institutions over the last 50 years?
A)The industry has been very turbulent throughout this period.
B)The industry is highly regulated and hence is a very staid,predictable industry.
C)The industry has been highly unprofitable throughout this period.
D)The industry was once highly competitive,but now it is relatively quiet since deregulation began during the 1970s.
E)Once highly regulated,the industry has changed considerably during the past 20 years.

Question

Quizplus · Accepted Answer

The statement "Once highly regulated, the industry has changed considerably during the past 20 years" best characterizes U.S. depository institutions over the last 50 years. While the industry was highly regulated in the past, deregulation began in the 1970s, leading to significant changes in the industry over the past 20 years. These changes include increased competition and profitability, as well as consolidation and technological advancements.

Which of the Following Statements Best Characterizes U