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The following are correct statements related to the current Decline in Traditional Banking in USA, EXCEPT: As a source of funds for borrowers, market
The following are correct statements related to the current Decline in Traditional Banking in USA, EXCEPT: As a source of funds for borrowers, market share of commercial banking has fallen. Commercial Banks are facing increasing competition from other financial intermediaries. Commercial Banks are devoting increasing amount of their funds to finance private consumption (credit cards, mortgages) rather than to provide financing for corporations. Commercial Banks are now engaging more in non-traditional banking activities (shadow banking) The following are correct statements related to the current Decline in Traditional Banking in USA, EXCEPT: As a source of funds for borrowers, market share of commercial banking has fallen. Commercial Banks are facing increasing competition from other financial intermediaries. Commercial Banks are devoting increasing amount of their funds to finance private consumption (credit cards, mortgages) rather than to provide financing for corporations. Commercial Banks are now engaging more in non-traditional banking activities (shadow banking)
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