Which of the Following Developments Was Not Mentioned in the Textbook

Multiple Choice

Which of the following developments was not mentioned in the textbook as a driving force behind recent changes in the international financial environment?

A) Deregulation of many types of capital flows among nations.
B) Creation of an inexpensive and efficient global financial trading system under the direction of the Bank for International Settlements.
C) Creation of new markets for international commerce.
D) Development of new technologies for increasing the speed, security, and efficiency of international financial transactions.
E) Development of regional trading blocs with large internal markets and fewer restrictions on trade.