One result of competition among banks is that
A)more services are available to consumers.
B)more banks exist now than a decade ago.
C) the trend toward mergers in the banking industry has slowed.
D) all of the above.

Question

Quizplus · Accepted Answer

Competition among banks leads to a greater variety of services and products being offered to consumers as banks try to differentiate themselves from their competitors. While there may be mergers in the industry, competition generally leads to more choices for consumers. The fact that more banks exist now than a decade ago does not necessarily indicate competition, as consolidation has also occurred in the industry.

One Result of Competition Among Banks Is That