[amp_mcq option1=”Shadow Banking” option2=”Universal Banking” option3=”Unit Banking” option4=”Narrow Banking” correct=”option2″]<\/p>\n
The correct answer is: B. Universal Banking<\/strong><\/p>\n Universal banks are financial institutions that offer a full range of financial services, including commercial banking, investment banking, mutual funds, and merchant banking. They are typically large, multinational banks with a global reach.<\/p>\n Shadow banking is a term used to describe the loosely regulated financial system that exists alongside the traditional banking system. It includes entities such as hedge funds, private equity firms, and money market funds.<\/p>\n Unit banking is a system of banking in which each bank is a separate legal entity. It is the opposite of branch banking, in which a bank has multiple branches.<\/p>\n Narrow banking is a system of banking in which banks are restricted to providing basic financial services, such as checking and savings accounts. It is the opposite of universal banking, in which banks offer a full range of financial services.<\/p>\n Here is a brief explanation of each option:<\/p>\n [amp_mcq option1=”Shadow Banking” option2=”Universal Banking” option3=”Unit Banking” option4=”Narrow Banking” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33244","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"\n\n