Which of the Following Is an Accurate Statement About Universal

question 24

Multiple Choice

Which of the following is an accurate statement about universal banks?

• A) In Germany universal banks do everything under one roof, including direct investment in the shares of nonfinancial firms.
• B) In Germany the provision of insurance, banking, and securities must be done by separate corporations.
• C) As in Germany, universal banks in the United States do everything under one roof, including direct investment in the shares of nonfinancial firms.
• D) Universal banks in the United States account for the largest share of financial intermediary assets.

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