What is a bank? How does a bank differ from most other financial-service providers?
Answer to relevant QuestionsWhy are some banks reaching out to become one-stop financial-service conglomerates? Is this a good idea, in your opinion?Can you explain why many of the forces you named in the answer to the previous question have led to significant problems for the management of banks and other financial firms and for their stockholders?The term bank has been applied broadly over the years to include a diverse set of financial-service institutions, which offer different financial-service packages. Identify as many of the different kinds of banks as you can. ...How does the FDIC deal with most failures?What services does the Federal Reserve provide to depository institutions?
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