A universal bank is a financial institution that offers a wide range of services, including accepting deposits, making loans, underwriting securities, engaging in brokerage activities, and providing other financial services like insurance.

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A Universal Bank Is

Question 22

Multiple Choice

A universal bank is:

A) a retail bank with a commercial division.
B) a global retail bank that has market presence in greater than 100 countries
C) an institution that can accept deposits and make loans
D) an institution that can accept deposits and make loans,underwrite securities,engage in brokerage activities,and sell and manufacture other financial services such as insurance.

Correct Answer: