8. Which form of corporate ownership has allowed banks to circumvent restrictive branching regulations. A) National Banks B) State Banks C) Dual Banking System. D) Bank holding companies. 9. Which of the financial innovations below is not the response to changes in supply conditions A) Bank Credit & Debit Cards B) Electronic Payment C) Adjustable-rate mortgages. D) Electronic Banking. 10. Which one is the benefit of Mutual Funds? A) Liquidity Intermediation. B) Diversification. C) Managerial Expertise. D) All of the above. 11. Which one is not one of the four primary classes of mutual funds? A) Equity Funds. B) Bond Funds. C) Hybrid Funds D) Hedge Funds