Burdensome regulations, and rising interest rates and inflation help to explain
A. the rapid pace of financial innovations in banking in the 1960s and 1970s.
B. the low rate of bank failures in the 1980s.
C. both (a) and (b) of the above.
D. neither (a) nor (b) of the above.
Answer:A
Burdensome regulations, and rising interest rates and inflation help to explain
A. the rapid pace of financial innovations in banking in the 1960s and 1970s. B. the low rate of bank failures in the 1980s. C. both (a) and (b) of the above. D. neither (a) nor (b) of the above.