An ultimate and important cause of financial innovation does not involve ________.
A. incentives to follow existing regulation and and tax laws.
B. increased volatility of interest rates, inflation, equity prices, and exchange rates.
C. changing global patterns of financial wealth.
D. financial intermediary competition.
Answer:A
An ultimate and important cause of financial innovation does not involve ________.
A. incentives to follow existing regulation and and tax laws. B. increased volatility of interest rates, inflation, equity prices, and exchange rates. C. changing global patterns of financial wealth. D. financial intermediary competition.