"No one is as deaf as the man who will not listen."
Directions(1 to 10):In recent years, the banking industry has been
undergoing rapid changes, reflecting a number of (1)
developments. The most significant has been advances
in communication and information technology. Which
have (2)and broadened the (3)of financial information
while lowering the costs of many financial activities.
A second key (4) for change has been the increasing
competition among a broad (5)of domestic and foreign
institutions in providing banking and ( 6) financial
services. Third, financial activity has become larger
relative to overall economic activity in most economies.
This has meant that any (7) of the financial markets
or financial infrastructure has broader economic (8)
than mi ght have been the case ( 9) . These
devel opments have ( 10) consequences f or the
institutional and systemic structure of the financial
sector in general and banking in particular.