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Which of the following describe(s) 'universal banking'?
- a)Branches of a bank in all geographical territories of its country
- b)A bank providing services in all geographical territories of its country
- c)A bank providing combination of commercial banking and investment banking
- d)All of the above
- e)None of these
Correct answer is option 'C'. Can you explain this answer?
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Which of the following describe(s) 'universal banking'?a)Branches of ...
Universal banking system provides a wide variety of financial services, including both commercial and investment services. The services can include deposit accounts, a variety of investment services and may even provide insurance services. Deposit accounts within a universal bank may include savings and checking.
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Which of the following describe(s) 'universal banking'?a)Branches of ...
Universal banking refers to a banking model that offers a wide range of financial services, including both commercial banking and investment banking activities. It involves the provision of various banking services to individuals, businesses, and institutions, covering both traditional banking products such as deposits, loans, and payment services, as well as investment banking activities like underwriting, mergers and acquisitions, securities trading, and asset management.
The correct answer to the question is option 'C' because universal banking involves the combination of commercial banking and investment banking services. Let's break down each option and explain why they may be incorrect:
a) Branches of a bank in all geographical territories of its country: This option describes the concept of a bank having branches in all regions or areas within its country. While this may indicate a widespread presence, it doesn't necessarily imply that the bank is engaged in both commercial and investment banking activities.
b) A bank providing services in all geographical territories of its country: This option is similar to option 'a' but focuses on the provision of services rather than physical branches. Again, providing services across all areas does not necessarily mean that the bank is engaged in both commercial and investment banking.
d) All of the above: This option suggests that all the mentioned options are correct. However, options 'a' and 'b' do not accurately describe universal banking, as they only focus on the presence or provision of services across geographical territories, without considering the range of banking activities being offered.
e) None of these: This option implies that none of the given options are correct, which is not accurate. Universal banking does exist and is characterized by the combination of commercial and investment banking services.
In conclusion, the correct answer is option 'C' because universal banking involves a bank providing a combination of commercial banking and investment banking services.
The correct answer to the question is option 'C' because universal banking involves the combination of commercial banking and investment banking services. Let's break down each option and explain why they may be incorrect:
a) Branches of a bank in all geographical territories of its country: This option describes the concept of a bank having branches in all regions or areas within its country. While this may indicate a widespread presence, it doesn't necessarily imply that the bank is engaged in both commercial and investment banking activities.
b) A bank providing services in all geographical territories of its country: This option is similar to option 'a' but focuses on the provision of services rather than physical branches. Again, providing services across all areas does not necessarily mean that the bank is engaged in both commercial and investment banking.
d) All of the above: This option suggests that all the mentioned options are correct. However, options 'a' and 'b' do not accurately describe universal banking, as they only focus on the presence or provision of services across geographical territories, without considering the range of banking activities being offered.
e) None of these: This option implies that none of the given options are correct, which is not accurate. Universal banking does exist and is characterized by the combination of commercial and investment banking services.
In conclusion, the correct answer is option 'C' because universal banking involves a bank providing a combination of commercial banking and investment banking services.
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Which of the following describe(s) 'universal banking'?a)Branches of a bank in all geographical territories of its countryb)A bank providing services in all geographical territories of its countryc)A bank providing combination of commercial banking and investment bankingd)All of the abovee)None of theseCorrect answer is option 'C'. Can you explain this answer?
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