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6 November, 10:55

Compare the characteristics of four different types of financial institutions.

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  1. 6 November, 11:14
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    commercial banks: These institutions keep money for clients ensuring security. They also make loans.

    investment banks: performs other financial events other than deposit and gothering money. They practice underwriting debt services and equity offerings.

    brokerages: they act as middlemen in business events to earn profits.

    insurance companies: the risk by collecting premiums from a particular group of people in the sense of protecting their welfare such as death, accidents, and loss.
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