Quiz Ch 02 – T/F Evolution of Financial Institution Scope
Fundamentals of Financial Management, Concise
Brigham and Houston
09th Edition
True or false: Financial institutions have undergone increased diversification compared to the past when federal regulations maintained clear separations between investment banks, commercial banks, insurance companies, and similar entities. In the present day, major financial services corporations provide a broad spectrum of services, including checking accounts, insurance, underwriting securities, and stock brokerage.