Question：The abolition of barriers to entry in the various sectors of the financial services industries has led to the creation of financial conglomerates with operations in banking, securities and insurance. Which of the following is not an effect of this convergence?
　　A. The reduction of volatility of earnings
　　B. The reduction of consumers significant search costs
　　C. The stabilisation of interest rates
　　D. The creation of economies of scale
　　The correct answer is: The stabilisation of interest rates.
　　The stabilisation of interest rates is a characteristic of an Economic and Monetary Union (and is one of the arguments in favour of joining the EMU).