Which of the following is an accurate statement about universal banks?
A) In Germany universal banks do everything under one roof, including direct investment in the shares of nonfinancial firms.
B) In Germany the provision of insurance, banking, and securities must be done by separate corporations.
C) As in Germany, universal banks in the United States do everything under one roof, including direct investment in the shares of nonfinancial firms.
D) Universal banks in the United States account for the largest share of financial intermediary assets.

Question

Quizplus · Accepted Answer

This statement correctly describes the structure of universal banks in Germany. They offer a broad range of financial services, including direct investment in non-financial companies, and operate under a single corporate roof.

Answer: D
 This statement is true. Universal banks, also known as financial conglomerates, are the largest financial intermediaries in the United States. They offer a variety of financial services, including banking, insurance, and investment services, and they account for a significant portion of financial intermediary assets.

Which of the Following Is an Accurate Statement About Universal