Over the past 30 years, which institution has changed the most: the institution of the family, banks, or schools?
Understand the Problem
The question asks you to identify which of the listed institutions (family, banks, or schools) has experienced the most significant change over the past 30 years. This requires you to consider the evolution and transformations each institution has undergone during that period.
Answer
Banks have likely changed the most due to technological advancements and evolving societal roles.
Determining which institution has changed the most is subjective and depends on the criteria used for measurement. However, considering factors like technological integration, structural changes, and evolving societal roles, banks have likely undergone the most significant transformation in the past 30 years.
Answer for screen readers
Determining which institution has changed the most is subjective and depends on the criteria used for measurement. However, considering factors like technological integration, structural changes, and evolving societal roles, banks have likely undergone the most significant transformation in the past 30 years.
More Information
While families and schools have also evolved, the banking sector's shift towards digital platforms, globalized operations, and diverse financial products marks a more radical change.
Tips
It's easy to focus on one specific change within each institution, but consider the overall scope and impact of changes when comparing them.
Sources
- The Evolution of Banking Over Time - Investopedia - investopedia.com
- History of banking - Wikipedia - en.wikipedia.org
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