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lidiya
2 months ago
6

Anthony would like to have his brokerage firm handle more of his financial needs because he has been pleased with the service pr

ovided when he bought and sold stocks and bonds. If he explores the services offered by such firms in more depth, he will find that:________.A. brokerage firms are becoming serious competitors for banks and other depository institutions by offering high-yield combination savings and checking accounts and money market accounts, as well as certain types of loans. B. although brokerage firms offer attractive banking services, federal law prohibits individual investors from holding both a checking account and a securities account with the same firm. C. although brokerage firms can offer some banking services, they typically are less efficient at providing them than banks, because they specialize in buying and selling securities. D. federal laws prohibit brokerage firms from competing with banks, savings and loan associations, and credit unions.
Business
1 answer:
Katen [3.5K]2 months ago
3 0

Answer:

A. brokerage firms are increasingly posing a significant challenge to banks and other deposit-holding institutions by providing high-interest combination savings and checking accounts as well as money market accounts and various loan options.

Explanation:

As reliance on physical currency diminishes, the necessity of using banks has also declined.

Provided that appropriate security protocols are in place, no other institution can offer a safer way to save, transfer, and access your funds.

This positions brokerages as viable contenders against banks in the realm of savings and checking accounts. Given their previous association with investment activities, the funds you deposit into a brokerage can readily be moved to your investment accounts.

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Response:

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Explanation:

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Answer:

Shirly is a good fit for careers in law, public safety, and security.

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