Question: To maximize profits, banks attempt to diversify. What does it mean to diversify? to make loans to a variety of individuals or to invest in

To maximize profits, banks attempt to diversify.
What does it mean to diversify?
to make loans to a variety of individuals or to invest in a variety of firms
to pay varying interest rates to different customers
to hire employees with varied backgrounds
Why do banks diversify?
to minimize risk
to attract wealthy customers
to get varied perspective in the workplace
To maximize profits, banks attempt to diversify. What does it mean

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