CONNECT WITH LEARNSMART FOR BODIE: ESSE
CONNECT WITH LEARNSMART FOR BODIE: ESSE
11th Edition
ISBN: 2819440196222
Author: Bodie
Publisher: MCG
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Chapter 1, Problem 6PS
Summary Introduction

To Discuss:

To analyze the differences between investment banking and commercial banking.

Introduction:

Banks are financial institutions that allow customers to deposit or borrow money with the bank. Banks in turn provide interests to the customers on deposits and charge interest on the loans offered to the customers. Thus, the main income of the bank is generated from the interest charged on loans.

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