21-65 the Economic Value of Narrowly Defined Bank Franchises Has

21-65 The economic value of narrowly defined bank franchises has declined because

A) product line restrictions inhibit the ability of an FI to optimize the set of financial services it can offer.
B) product restrictions limit the ability of FI managers to adjust flexibly to shifts in the demand for financial products.
C) product restrictions limit the ability of FI managers to adjust flexibly to shifts in costs due to technology and related innovations.
D) All of the above.
E) Answers A and B only.