Which of the following statement is NOT correct in describing the development of the U.S. banking industry between 1980's to 2010's:
A) there are less banks but more branches
B) there are many community banks but a few very large banks
C) bank holding companies dominate the major market share
D) small banks in general engage more hedging activities than the large banks
E) large banks' major funding sources are non-depository funds
Correct Answer:
Verified
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