The Changing Landscape of Finance
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Questions and Answers

Which of the following is NOT one of the powerful forces reshaping the industry mentioned in the text?

  • Financial innovations
  • Government regulation (correct)
  • Competition
  • Service proliferation

    • What does securitization refer to in the context of the financial industry?

  • The expansion of traditionally local markets
  • The pooling of loans (correct)
  • The falling of geographical barriers
  • The elimination of government rules

    • Which of the following is NOT a factor contributing to the globalization of the financial industry?

  • Expansion of operations
  • Falling of geographical barriers
  • Mergers and acquisitions
  • Diversification of financial services (correct)

    • What is the legal basis for the existence of a bank?

    <p>The legal basis for its existence</p> Signup and view all the answers

    What is the intense struggle for customers' business called in the financial industry?

    <p>Competition</p> Signup and view all the answers

    True or false: Financial innovations refer to the creation of new financial services and instruments.

    <p>True</p> Signup and view all the answers

    True or false: Service proliferation refers to the expansion of the menu of financial services offered to customers.

    <p>True</p> Signup and view all the answers

    True or false: Deregulation in the financial industry refers to the introduction of government rules.

    <p>False</p> Signup and view all the answers

    True or false: Globalization in the financial industry refers to the contraction of operations and the establishment of geographical barriers.

    <p>False</p> Signup and view all the answers

    True or false: Securitization in the financial industry refers to the pooling of loans.

    <p>True</p> Signup and view all the answers

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