Question $1$

In this module we talked about the transformation of the traditional finance industry to digital finance industry. Which of the following statements about the traditional finance industry are correct?

Select all that apply!

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$1$ point

In the traditional finance industry, service innovation was a key element in attracting new customers.In the traditional finance industry,

In the traditional finance industry, customers would quickly move to the actor that offered the best price and best service.

In the traditional finance industry, companies competed by building strong market positions and defending them against rivals.

In the traditional finance industry, banks with the highest economies of scale and scope typically enjoyed the highest profits.