Which type of bank is typically focused on providing services to large corporati
Practice Questions
Q1
Which type of bank is typically focused on providing services to large corporations?
Retail Bank
Commercial Bank
Investment Bank
Cooperative Bank
Questions & Step-by-Step Solutions
Which type of bank is typically focused on providing services to large corporations?
Step 1: Understand what a bank is. A bank is a financial institution that provides various services like saving money, lending money, and managing investments.
Step 2: Learn about different types of banks. There are several types of banks, including commercial banks, retail banks, and investment banks.
Step 3: Focus on investment banks. Investment banks are specialized banks that work mainly with large corporations.
Step 4: Know the services provided by investment banks. They help large companies with things like mergers (when two companies join together) and acquisitions (when one company buys another).
Step 5: Conclude that investment banks are the type of bank that focuses on providing services to large corporations.
