CH03-Banks & FIs Flashcards
1
Q
What is a commercial bank?
A
An FI that accepts deposits and makes commercial loans.
Federal or State Chartered
2
Q
7 services Commercial banks provide
A
Primarily:
- Depository account services, including ST Investments
- Credit services
Core:
- Transaction processing
- Information Reporting
Client specific:
- Trade services
- FX
- Financial Risk Management
