The most significant change in the economic environment that changed the demand for financial products in recent years has been
A. the aging of the baby-boomer generation.
B. the dramatic increase in the volatility of interest rates.
C. the dramatic increase in competition from foreign banks.
D. the deregulation of financial institutions.
Answer:B
The most significant change in the economic environment that changed the demand for financial products in recent years has been
A. the aging of the baby-boomer generation. B. the dramatic increase in the volatility of interest rates. C. the dramatic increase in competition from foreign banks. D. the deregulation of financial institutions.