Question

How have banking and finance affected the economy of North Carolina? Check all that apply.

Answer 1

Answer:

• Employment opportunities in banking and finance have increased.
• Since the 1990s, wages for banking and finance employees have doubled.

Explanation:

North Carolina has a rich history in the financial industry, The development of the state’s banking capital can be outlined to several advantages, some of which were structural and some of which were the results of the actions of individual firms.

The banking and finance business remains an important segment of North Carolina's economy, showing a steady increase in the number of corporations, employment, and earnings figures from 1992 to 2002.