Multiple choice

In ____ banking, the banks offer all types of financial services to expand their business that include high risk products and medium risk products also.

  1. Retail banking

  2. Universal banking

  3. Wholesale banking

  4. Narrow banking

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A universal bank is a financial service conglomerate combining retail, wholesale and investment banking services under one roof and reaping synergies between them.