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how is universal banking system operted/

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17y ago

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What is responsible for the collapse of universal banking system in nigeria?

Political corruption.


What are the disadvantages of universal banking?

One of the disadvantages of universal banking is the offering of a large number of products that follow different sets rules and regulations. Since this is done by large banks, it may affect the banking system when it fails. Universal banking may also lead to monopoly and harm the economy of a country.


What is the impact of universal banking in Nigeria economy?

What is the impact of universal banking on nigeria economy


Is universal banking is also know as commercial banking?

Yes, Universal banking is commercial banking itself. However, Universal bank does more than a commercial bank. Universal Bank are what we call the "expanded commercial bank" (EK). Commercial banks are limited to allied banking only whereas a universal bank does allied and non-allied banking transactions.


What kind of banking system provides a full range of banking securities and insurance services all within a single legal entity?

A universal banking system provides a full range of banking, securities, and insurance services all within a single legal entity. Universal banks offer a diverse range of financial products and services to clients, including commercial banking, investment banking, asset management, and insurance services. This integrated approach allows them to cater to the diverse needs of their customers and offer comprehensive financial solutions.


Concept of universal banking?

Acitivity of a bank, besides conducting core banking activities, also undertakes marketing other financial instruments issued by other entities, then such banking activity is known as universal banking.


What is the capital requirement for universal banking?

ambot


What is universal banking in nigeria?

defend the empire


What is the objective of universal banking?

peKk u


What is the function of universal banking?

The function of universal banking include provision of a wide variety of financial services. It also includes both commercial and investment services.


What are Examples of recent universal banking?

exple for the universalbanks


When universal banking established?

in the third millennum BC