As the banking system in Canada evolves, it is expected that ________.
A) the number and importance of small banks will increase
B) the number and importance of large banks will decrease
C) small banks will grow at the expense of large banks
D) the number and importance of large banks will increase

Question

Quizplus · Accepted Answer

As the banking system in Canada evolves, it is expected that the number and importance of large banks will increase. This is due to several factors such as mergers and acquisitions, increased competition from fintech companies, and changing consumer needs and preferences. Large banks have the resources and scale to adapt to these changes and remain competitive in the market.

As the Banking System in Canada Evolves, It Is Expected