Question

The future structure of the U.S. banking industry is likely to be characterized by many more smaller banks, as customers demand neighborhood banks operated by people they know personally.True / False.

Answer 1

False.

Step-by-step explanation:

The given assertion would be categorized as false as it offers an inappropriate yet irrational claim. The future structure of any governmental organization, be it banking or anything else is to provide convenience to the public but not on the basis of personal affiliations of the customers. The future structure of U.S. banking would rather pay emphasis on availing more advanced and hassle-free banking to its customers. Therefore, the assertion is false.