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 0    3 flashcards    krystianstudentelo
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Question Answer
Commercial banks
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receive and hold customers deposits in current and savings accounts, pay money according to customers instructions, lend money to individuals and small businesses
investment banks
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give financial advice to large companies, raise capital for them by issuing stocks or shares and bonds, organize mergers and takeovers
building societies
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receive customers deposits and lend mortgages to buy homes
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