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fickernuit's version from 2017-10-22 14:16

Section

Question Answer
Universal banksmany kinds of banking, commercial and investment, providing other fin services like insurance
Commercial banksservices: accepts deposits, making business loans, basic investment products
Finance companiesgenerally charge higher interest than banks, option for entrepreneurs seeking small business loans
Investment housesindividuals or orgs engaged in investment banking and financing activities
Insurance companiescompany that offers insurance policies to the public directly or indirectly
Mutual fundsinvestment program funded by shareholders that trade in diversified holdings and is professionally managed
Stock brokerage housesmiddleman that connects buyers to sellers to facilitate a transaction
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