Which of the following is a benefit of forming a financial conglomerate?

Question

Quizplus · Accepted Answer

Forming a financial conglomerate allows for the ability to gain from economies of scale by consolidating back office operations, technology, and resources. It also allows for the ability to gain from economies of scope by offering a wider range of financial products and services to customers. Additionally, it reduces dependence on one service or market segment, which can help to mitigate risk and improve financial stability.

Which of the Following Is a Benefit of Forming a Financial