Because of changes in regulatory barriers, technology, and financial innovation, a single financial service firm may now be able to offer a full set of financial services.

Question

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This statement is true. With advancements in technology and changes in regulations, financial service firms can now offer a wider range of financial services, such as banking, investment, and insurance services. This allows the firms to offer more comprehensive financial solutions to their clients.

Because of Changes in Regulatory Barriers, Technology, and Financial Innovation