Which of the Following Is Not a Reason to Create

Which of the following is not a reason to create large financial holding companies?

A) Financial holding companies offer a wide array of services under one brand name.
B) Financial holding companies need only one CEO, one Board of Directors, and one accounting system regardless of size.
C) Financial holding companies are well diversified so risk is reduced.
D) Financial holding companies are exempt from having to pay for FDIC insurance on deposits.

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