Different financial institutions have different levels of service. What is the m

Question

Different financial institutions have different levels of service. What is the main reason for this? a. The Federal regulations relating to the institutions make them provide the services at different levels. b. Levels of financial service are determined in part by the ownership structure of the financial institution, and different financial institutions have different ownership structures. c. Financial services require specific expertise and the design of financial institutions favors one type of institution over the other. d. None of these explain the difference between levels of service at different institutions.

Explanation / Answer

a. The Federal regulations relating to the institutions make them provide the services at different levels,because Federal Reserve System has several banking regulatory and supervisory authorities.The objective of supervision to provide the stability in financial system through financial institution.

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