What is the largest component of financial services?
A) Commercial banking
B) Investment banking
C) Credit union banking
D) Savings banks
E) Offshore banking

Question

Quizplus · Accepted Answer

According to global statistics, commercial banking (including retail and corporate banking) is the largest component of the financial services industry in terms of assets, revenue, and number of employees. Investment banking and offshore banking are important, but they are not as large as commercial banking. Credit union banking and savings banks are also significant, but they are not as widespread and diverse as commercial banking.

What Is the Largest Component of Financial Services