Over the years, the number of U.S. banks has declined while the number of bank branches has actually increased.

Question

Quizplus · Accepted Answer

This trend is due to consolidation in the banking industry, where larger banks acquire smaller ones, reducing the total number of banks. However, to expand their reach and serve a larger customer base, these banks often open more branches, leading to an increase in the number of bank branches despite the decrease in the number of banks.

Over the Years, the Number of U