Financial institutions are more diversified today than they were in the past, when federal laws kept investment banks, commercial banks, insurance companies, and similar organizations quite separate. Today the larger financial services corporations offer a variety of services, ranging from checking accounts, to insurance, to underwriting securities, to stock brokerage. Correct Response

A) True

B) False

Question

Business

Holly Flores

5 April, 01:05

Financial institutions are more diversified today than they were in the past, when federal laws kept investment banks, commercial banks, insurance companies, and similar organizations quite separate. Today the larger financial services corporations offer a variety of services, ranging from checking accounts, to insurance, to underwriting securities, to stock brokerage. Correct Response

A) True

B) False

+4

Answers (1)

Know the Answer?

Carissa Porter · Answer 1

The correct answer is True.

Explanation:

When visualizing the course of the life of the financial sector, we have found several factors that have caused changes in the behavior of companies in their relationships with banks. The first, and most pronounced, the need to adapt its business and operational strategy to the requirements of the growing digitalization of the economy and finances. In addition, these changes to which they have had to adapt have brought about the emergence of new proposals for financial innovation created by new agents in the sector. These focus on offering some of the services that the bank provides in an integrated way in its business process, digitizing them and thus reinventing the relationship with the client.