In a ________ banking system,commercial banks engage in securities underwriting,but separate subsidiaries conduct the different activities.Also,banking and insurance are not typically undertaken together in this system.

Question

Quizplus · Accepted Answer

The British-style universal banking system allows commercial banks to engage in securities underwriting through separate subsidiaries, but typically keeps banking and insurance activities separate, distinguishing it from other banking systems.

In a ________ Banking System,commercial Banks Engage in Securities Underwriting,but