Financial innovation has caused
A. banks to suffer declines in their cost advantages in acquiring funds, although it has not caused a decline in income advantages.
B. banks to suffer a simultaneous decline of cost and income advantages.
C. banks to suffer declines in their income advantages in acquiring funds, although it has not caused a decline in cost advantages.
D. banks to achieve competitive advantages in both costs and income.
Answer:B
Financial innovation has caused
A. banks to suffer declines in their cost advantages in acquiring funds, although it has not caused a decline in income advantages. B. banks to suffer a simultaneous decline of cost and income advantages. C. banks to suffer declines in their income advantages in acquiring funds, although it has not caused a decline in cost advantages. D. banks to achieve competitive advantages in both costs and income.