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Title: Olympic Car Wash

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Subject: Business
Author:
Date: June 8, 1997
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Length: 45 / 13228
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Financial institutions hedged against risk that affected their financing and willingness to extend credit by creating many innovative products that protected themselves and the customer against the risk. Changes in demand conditions generated financial innovations (Vaknin, 2005)...

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Changes in demand conditions generated financial innovations (Vaknin, 2005). This efficient financial principle is demonstrated in the following examples of innovative products generated from changes in demand. Certificates of Deposit Financial institutions offered competitive terms on savings deposits to customers in the form of certificates of deposits...

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