1-90 Which of the Following Groups of FIs Have Experienced

question 50

Multiple Choice

1-90 Which of the following groups of FIs have experienced the highest percentage growth in assets in the U.S.financial services industry during the past sixty years?

• A)Commercial banks.
• B)Thrifts.
• C)Life insurance companies.
• D)Investment companies.
• E)Finance companies.

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Definitions:

Banking Section

Part of financial management software where users can access and manage their bank transactions, reconciliations, and financial records related to bank accounts.

Pay Employees

The process of compensating workers for their services, typically executed through payroll systems on a regular schedule.

Reduces Liability

This term generally refers to actions or strategies that decrease the legal responsibilities or debts of a business or individual.

Checking Account

A bank account that allows for numerous withdrawals and deposits, often used for day-to-day transactions.