All of the following statements are correct EXCEPT ________.
A) The number of commercial banks is declining each year
B) Commercial banks are prohibited from selling securities or insurance
C) Commercial banks are the most important financial institution
D) Banks offer the widest range of services of any financial institution

Question

Quizplus · Accepted Answer

Commercial banks are not prohibited from selling securities or insurance. In fact, many commercial banks have subsidiaries or operating divisions that offer these types of financial products and services.

All of the Following Statements Are Correct EXCEPT ________