Bank-like activities undertaken by non-bank financial firms like investment banks and hedge funds,but without regulatory oversight or protection,are known as shadow banking.

Question

Quizplus · Accepted Answer

This statement is true. Shadow banking refers to non-bank financial activities performed by firms like investment banks and hedge funds that operate outside of traditional regulatory oversight and without the same level of protection as traditional banks.

Bank-Like Activities Undertaken by Non-Bank Financial Firms Like Investment Banks