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In a​ ________ banking​ system, commercial banks engage in securities​ underwriting, but separate subsidiaries conduct the different activities.​ Also, banking and insurance are not typically undertaken
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In a​ ________ 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.

User Ahmer
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Answer: The correct answer is "universal".

Explanation: In a universal 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.

User JoeNCA
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