In a ________ banking system,commercial banks provide a full range of banking,securities,and insurance services,all within a single legal entity.

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A universal banking system refers to a financial model in which banks offer a complete array of financial services, including retail banking, commercial banking, investment banking, and insurance services, all under one roof. This comprehensive approach allows banks to provide tailored financial solutions to their customers' specific needs. The universal banking system is prevalent in many countries, including Germany, France, and Switzerland.

In a ________ Banking System,commercial Banks Provide a Full Range