Universal banks engage in a wide array of financial and non-financial activities, including traditional banking services such as deposits and loans, as well as investment banking, asset management, insurance, and other financial services. They are also sometimes referred to as "full-service banks."

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Universal Banks Are

Question 33

Multiple Choice

Universal banks are:

A) firms that engage in banking services across many countries.
B) firms that engage a wide array of financial and non-financial activities.
C) banks that make direct investment in non-financial firms.
D) multinational corporations that own U.S. banks.

Correct Answer: