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Lesechka [4]
3 years ago
10

In a​ ________ banking​ system, commercial banks engage in securities​ underwriting, but separate subsidiaries conduct the diffe

rent activities.​ Also, banking and insurance are not typically undertaken together in this system.
Business
1 answer:
vfiekz [6]3 years ago
8 0

Answer: The correct answer is "universal".

Explanation: In a <u>universal</u> banking​ system, commercial banks engage in securities​ underwriting, but separate subsidiaries conduct the different activities.​ Also, banking and insurance are not typically undertaken together in this system.

It is the most common type of banking system and is the most commonly used.

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