9
QuizMultiple Choice

Banking: How to Manage Your Money (CFA3)

Question 9 • Financial literacy Q2 - Brinkerhoff - 2000 - 2025/26

What is the major difference between a nationwide bank and a community bank?

Answer
A
The community bank offers more services.
B
The nationwide bank services only local customers.
C
The nationwide bank has fewer branches.
D
The community bank services only local customers.

Explanation

A community bank generally focuses on customers and businesses in a particular local area. A nationwide bank operates across a much broader area, often with branches or services in many regions. So the major difference is that the community bank serves only local customers, as choice D states.

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