Economics · Economy

In the business models of retail banking, the Universal Banking Model refers to:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Banks that focus only on a single specialized product line, like credit cards
2Banks that offer a full range of financial services (retail, corporate, investment banking) under a single entity✓
3Banks that exclusively deal with the wholesale and corporate segment
4Banks that operate only through digital channels with no physical branches

Correct answer

Banks that offer a full range of financial services (retail, corporate, investment banking) under a single entity

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