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FINANCE (Financial institutions (banking institutions (commercial banks -…
FINANCE
Financial institutions
banking institutions
commercial banks - accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.
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investement banks - advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of securities.
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