An Advantage of Providing Multiple Financial Services Within One Financial

question 16

Multiple Choice

An advantage of providing multiple financial services within one financial institution is that it

• A) lowers information costs.
• B) develops broader long-term relationships with customers.
• C) both A and B of the above.
• D) none of the above.

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Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience, often associated with a particular position in a government, organization, or institution.

Politically Conservative

Favoring traditional views and values, tending to oppose change in political and social systems.

Intolerant Of Ambiguity

A personality trait characterized by a lack of tolerance for uncertainty or situations that are not clear-cut.

Racist

An individual who believes in the superiority of one race over others and may discriminate or express prejudice based on racial characteristics.