Which of the following statements best completes the following statement: "Over the past 40 years, the percentage(s) of assets for all financial intermediaries…"?
A. controlled by banks has decreased while the percentage for mutual funds has increased.
B. controlled by insurance companies and mutual funds has decreased and the percentage controlled by banks has increased.
C. controlled by banks has decreased as has the percentage for mutual funds while insurance companies have increased their percentage.
D. controlled by banks has increased while the percentage for mutual funds has decreased.
Answer: A
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