The experience of disintermediation in the banking industry illustrates that
A. more regulation of financial markets may avoid such problems in the future.
B. banks are unable to remain competitive with other financial intermediaries.
C. consumers no longer desire the services that banks provide.
D. markets invent alternatives to costly regulations.
Answer:D
The experience of disintermediation in the banking industry illustrates that
A. more regulation of financial markets may avoid such problems in the future. B. banks are unable to remain competitive with other financial intermediaries. C. consumers no longer desire the services that banks provide. D. markets invent alternatives to costly regulations.