Consumer banks need to reassess their business strategies because of pressures and challenges, which include all of the following except ________________.
A) Limited growth opportunities
B) PayPal, Mint, and Prosper are eroding their customer base
C) Fierce competition has decreased revenues
D) Lower risk and regulatory constraints

Question

Quizplus · Accepted Answer

Lower risk and regulatory constraints are not pressures and challenges for consumer banks, but rather are factors that may enable them to reassess their business strategies. The other options - limited growth opportunities, competition from fintech companies, and decreased revenues - represent genuine concerns that consumer banks need to address.

Consumer Banks Need to Reassess Their Business Strategies Because of Pressures