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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?
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?
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?
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?
What is the legal basis for the existence of a bank?
What is the intense struggle for customers' business called in the financial industry?
What is the intense struggle for customers' business called in the financial industry?
True or false: Financial innovations refer to the creation of new financial services and instruments.
True or false: Financial innovations refer to the creation of new financial services and instruments.
True or false: Service proliferation refers to the expansion of the menu of financial services offered to customers.
True or false: Service proliferation refers to the expansion of the menu of financial services offered to customers.
True or false: Deregulation in the financial industry refers to the introduction of government rules.
True or false: Deregulation in the financial industry refers to the introduction of government rules.
True or false: Globalization in the financial industry refers to the contraction of operations and the establishment of geographical barriers.
True or false: Globalization in the financial industry refers to the contraction of operations and the establishment of geographical barriers.
True or false: Securitization in the financial industry refers to the pooling of loans.
True or false: Securitization in the financial industry refers to the pooling of loans.
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