The Main Features of the Local Banking Industry Over the Two

question 17

Multiple Choice

The main features of the local banking industry over the two decades to 2010 have been an increase in concentration.This has occurred due to mergers and acquisitions motivated by the desire to:

• A)be competitive in global markets
• B)protect against takeover by foreign competitors
• C)increase efficiency in terms of economies of scale and scope
• D)All of the listed options are correct.

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Definitions:

Day-to-Day Activities

Routine actions or tasks that individuals perform on a regular basis, typically related to personal care or everyday chores.

Perceptual Constancies

The cognitive capacity to perceive objects as having constant shape, size, and color despite changes in perspective, distance, or lighting.

Visual Illusion

A misperception of a real external stimulus, where the way we perceive something visually does not match its physical reality.

Pigments

Substances that give color to biological organisms, objects, or materials by absorbing and reflecting certain wavelengths of light.