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Explain Why the Profitability of Traditional Banking Has Declined and How

question 52

Essay

Explain why the profitability of traditional banking has declined and how banks have responded.


Definitions:

Affectionate Love

A type of love characterized by a deep sense of care, intimacy, and closeness, often found in close relationships and friendships.

Romantic Love

An intense and deep affection towards a partner, which is characterized by emotional bonding and physical attraction.

Consensual Validation

The process of confirming one's own beliefs or judgements through agreement or approval from others.

Investment Model

A theory in social psychology that explains how commitment in relationships is influenced by satisfaction, alternatives, and investment.

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