Banks have become financial marketplaces, offering services in cash management, investment advice, and business financing as a result of regulatory changes and decisions by banks to broaden their range of services.

Question

Quizplus · Accepted Answer

This statement is true. Due to regulatory changes and decisions by banks, they have expanded their services beyond traditional banking activities, offering services in areas such as investment advice, cash management, and business financing. This has turned them into financial marketplaces.

Banks Have Become Financial Marketplaces, Offering Services in Cash Management