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In Business / College | 2025-07-07

Which of the following financial institutions does not take customer deposits?
A. Savings bank
B. Commercial bank
C. Credit union
D. Investment bank

Asked by ay1inlain3z

Answer (2)

The financial institution that does not take customer deposits is the investment bank, as it focuses on services like underwriting and corporate finance rather than traditional banking functions. In contrast, savings banks, commercial banks, and credit unions all accept customer deposits. Understanding these distinctions is vital for grasping the various roles of different financial institutions. ;

Answered by GinnyAnswer | 2025-07-07

The financial institution that does not take customer deposits is the investment bank, as it focuses on services related to capital markets rather than traditional banking functions. In contrast, savings banks, commercial banks, and credit unions all accept deposits. Therefore, the answer is investment bank.
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Answered by Anonymous | 2025-07-08

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