Which of the below statements is FALSE?
A) Interest income and fee income are generated from mortgage lending and credit card financing.
B) Fee income is generated from brokerage services and financial investment services.
C) Loans to nonfinancial corporations, financial corporations, (such as life insurance companies) , and government entities (state and local governments in the United States and foreign governments) fall into the category of institutional banking.
D) Loans and leasing generate dividend income, and other services that banks offer institutional customers generate fee income.
Correct Answer:
Verified
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