1-90 Which of the following groups of FIs have experienced the highest percentage growth in assets in the U.S.financial services industry during the past sixty years?

Question

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Investment companies, also known as mutual funds, have experienced significant growth in assets over the past 60 years due to increased demand for individual investors seeking a diversified investment portfolio. This growth has also been driven by the emergence and popularity of retirement accounts such as 401(k) plans, which often offer mutual funds as investment options. While commercial banks and thrifts have also experienced growth, their growth has been more moderate due to regulatory constraints and market factors. Life insurance companies and finance companies have experienced less growth in assets compared to investment companies.

1-90 Which of the Following Groups of FIs Have Experienced