Question

Commercial banks that provide a full range of​ banking, securities, and insurance​ services, all within a...

Commercial banks that provide a full range of​ banking, securities, and insurance​ services, all within a single legal​ entity, are part​ of:

A. ​barrier-free banking

B. decentralised banking

C. an international banking system

D. a universal banking system

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Answer #1

Option D

a universal banking system

Universal banking is providing all the financial services under one entity which access all the services including but not limited to a full range of​ banking, securities, and insurance​ services, etc.

​barrier-free banking is access to banking is wide, like internet banking, mobile banking and 24/7 transaction banking.

decentralized banking is a new concept as it is P2P banking where some decentralized currency will help to work within peer to peer market as the cryptocurrency

International banking is banking in more than one country

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