2-40 In general,the banking industry performed at higher levels of profitability in the decade of the 1990s than the decade of the 1980s.

Question

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This statement is true. According to data from the Federal Deposit Insurance Corporation (FDIC), the banking industry as a whole experienced higher profitability during the 1990s than during the 1980s. This was due in part to a period of economic growth and stability during the 1990s, as well as to a trend towards consolidation and larger banks that were better positioned to manage risk and generate profits.

2-40 in General,the Banking Industry Performed at Higher Levels of Profitability