How have banking and finance affected the economy of North Carolina? Check all that apply.

1, Bank closures have left many without options for securing loans.

2, Outsourcing has led to many North Carolinians being laid off or losing their jobs.

3 Industry growth has led to the opening of more banking offices.

4 Employment opportunities in banking and finance have increased.

5 Since the 1990s, wages for banking and finance employees have doubled.

6 Globalization has made it more difficult for North Carolina banks to compete with foreign institutions

Question

History

Leilani Grant

11 August, 09:57

How have banking and finance affected the economy of North Carolina? Check all that apply.

1, Bank closures have left many without options for securing loans.

2, Outsourcing has led to many North Carolinians being laid off or losing their jobs.

3 Industry growth has led to the opening of more banking offices.

4 Employment opportunities in banking and finance have increased.

5 Since the 1990s, wages for banking and finance employees have doubled.

6 Globalization has made it more difficult for North Carolina banks to compete with foreign institutions

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Answers (1)

Know the Answer?

Lillie Cain · Answer 1

Employment opportunities in banking and finance have increased. Since the 1990s, wages for banking and finance employees have doubled.

Explanation:

North Carolina has a rich history in the financial industry, The development of the state's banking capital can be outlined to several advantages, some of which were structural and some of which were the results of the actions of individual firms.

The banking and finance business remains an important segment of North Carolina's economy, showing a steady increase in the number of corporations, employment, and earnings figures from 1992 to 2002.