Technological Advances and the Ability to Access a Nationwide Market

question 56

Multiple Choice

Technological advances and the ability to access a nationwide market from one location allowed the growth of Industrial Loan Corporations (ILCs) during the 1990s and illustrate competitive risks of other FIs.Which of the following is true of ILCs?

• A)They can only operate within the state where they are established.
• B)They are regulated by the Federal Reserve.
• C)The deposits of ILCs are insured by the FDIC.
• D)ILCs are subsidiaries of traditional commercial banks.

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Definitions:

Degree of Digitization

The extent to which processes, operations, or systems are converted or adapted to digital form, impacting efficiency, accessibility, and innovation.

Physical Nature

Physical Nature describes the fundamental qualities and properties of matter and energy in the physical universe, often explored through physics and natural sciences.

Digital Nature

The intrinsic properties and behaviors of systems and processes that exist or operate primarily in a digital or electronic form.

Online Retailing

The process of selling goods and services through the internet to consumers.