Which of the following statements is incorrect?

A) The number of commercial banks is declining each year.
B) Commercial banks are the most important financial institution.
C) Commercial banks are prohibited from selling securities or insurance.
D) Banks offer the widest range of services of any financial institution.

Commercial Banks

Financial institutions that offer a wide range of services such as accepting deposits, issuing loans, and providing basic investment products to the public and businesses.

Selling Securities

The act of offering stocks, bonds, or other financial instruments for sale to investors, either through public offerings or via private placements.