All of the Following Statements Are Correct EXCEPT ________

question 119

Multiple Choice

All of the following statements are correct EXCEPT ________.

• A) The number of commercial banks is declining each year
• B) Commercial banks are prohibited from selling securities or insurance
• C) Commercial banks are the most important financial institution
• D) Banks offer the widest range of services of any financial institution

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Definitions:

Colonial-era Approach

Policies or practices rooted in the time period when countries established colonies overseas to expand their power, resources, and influence.

Orphanages

Institutions dedicated to the care and housing of children who have lost their parents or whose parents are unable to care for them.

Poorhouses

Institutions that provided support and shelter for the impoverished and destitute, historically common in the 19th and early 20th centuries.

Significant Career

A profession or occupation that an individual pursues, often with considerable dedication and achievement, that has a meaningful impact on their field or society.