What is the name given to the banks that perform both traditional commercial banking and investment banking functions?

A) merchant banks
B) universal banks
C) full-service banks
D) affiliate banks


Answer: A

Business

You might also like to view...

Which help(s) consumers tie an advertisement into their current knowledge structure nodes and cognitive maps that already exist in their minds?

A) taglines B) an identifiable selling point C) simplicity D) brand equity

Business

The economic model of corporate social responsibility (CSR) holds that businesses should integrate social goals and economic goals.

Answer the following statement true (T) or false (F)

Business

Failure to record the earned portion of unearned revenue would result in which of the following?

A) Net income being understated B) No effect on total liabilities C) Stockholders' equity being overstated D) Total assets being understated

Business

Delivering constructive criticism can be beneficial by alerting management that changes need to be made

Indicate whether the statement is true or false

Business