Financial innovation is
A) the process of turning assets into a more liquid form.
B) the development of new financial products and services.
C) responsible for credit cards being included as part of money.
D) causing a decrease in bank profits.
B
Economics
You might also like to view...
Genovia produced 10 million tonnes of wheat in a particular year. However, 1 million tonnes got infested with pests and had to be thrown away. How will this affect the calculation of the gross domestic product of the country for that year?
What will be an ideal response?
Economics
The theory that regulation seeks an efficient use of resources is the
A) social interest theory. B) producer surplus theory. C) consumer surplus theory. D) capture theory. E) deadweight loss theory.
Economics