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Today, the importance of financial services is gaining momentum all over the world. As a result of innovations, new instruments and new products are emerging. Many financial intermediaries including banks have already started expanding their activities by offering a variety of new products as discussed next.
Required:
Question a) Identify any five such new financial products and services which have emerged as a result of new trends and developments in financial sector
Question b) Explain the nature, objectives and the of each of the financial product/service identified in (a) above
Question c) Evidence suggests that the new financial products and services are not widespread in Tanzania. Examine why is this the case (case by case analysis).
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