FIs are becoming
A)less diversified.
B)more diversified.
C)less diversified and more competitive.
D)more specialized.

Question

Quizplus · Accepted Answer

FIs are becoming more diversified, as they are expanding into different areas of financial services to better meet the needs of their customers and to remain competitive. This can include offering services such as investment banking, insurance, and wealth management, in addition to traditional banking services.

FIs Are Becoming