The Financial Services Field Is Currently Experiencing Consolidation and Convergence

question 4

Multiple Choice

The financial services field is currently experiencing consolidation and convergence.If both of these trends continue,in the future we should observe

• A)fewer financial institutions offering a narrower range of financial services products.
• B)fewer financial institutions offering a wider range of financial services products.
• C)more financial institutions offering a narrower range of financial services products.
• D)more financial institutions offering a wider range of financial services products.

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Definitions:

Pictograph

A written symbol that represents an idea or object rather than a word, used in ancient writing systems and also in modern infographics.

Picture Units

The smallest element of a picture or image that can be individually processed in a digital display system.

Stacked Bar

A bar chart that represents multiple data series stacked on top of each other, showcasing the total and individual contribution of each series.

Column Chart

A graphical representation using vertical bars of different heights to show comparisons among discrete categories.