Question: Briefly describe the basic operations ofand the products and services offered byeach of the following financial institutions (a) Commercial bank (b) Savings and loan association

Briefly describe the basic operations of—and the products and services offered by—each of the following financial institutions
(a) Commercial bank
(b) Savings and loan association
(c) Savings bank
(d) Credit union
(e) Stock brokerage firm
(f) Mutual fund.

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a Commercial banks are the largest of the four traditional banking institutions They provide a full array of financial services including checking accounts a variety of savings vehicles credit cards s... View full answer

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