Which type of bank is primarily focused on providing services to large corporati
Practice Questions
Q1
Which type of bank is primarily focused on providing services to large corporations?
Commercial Bank
Investment Bank
Retail Bank
Community Bank
Questions & Step-by-Step Solutions
Which type of bank is primarily 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 help large corporations with financial services.
Step 4: Identify the services provided by investment banks. These services include helping companies raise money, providing advice on mergers and acquisitions, and managing investments.
Step 5: Conclude that investment banks are primarily focused on serving large corporations, unlike other banks that may serve individuals or small businesses.
