1) As of 12/31/19, Cullen-Frost bank had a higher capital ratio than JP Morgan Chase or Bank of America. This indicates what?

A. Cullen-Frost has a more conservative management policy

B. The two larger banks are less leveraged

C. Cullen-Frost is not obeying capital regulations

D. Cullen-Frost is less leveraged than the two larger banks

E. Both A and D

2.Which of the following statements is (are) incorrect?

a. Banks have expanded their business across services over time.

b. Acquisitions have been a convenient method for banks to grow quickly and capitalize on economies of scale.

c. The banking industry has become less concentrated in recent years.

d. All of the statements above are correct.

e. None of the above are correct