Which of the following financial institutions does not take customer deposits?

A.) investment bank
B.) credit union
C.) savings bank
D.) commercial bank

Respuesta :

Its investment bank $$

A. Investment bank

Some financial institutions provide certain banking services but do not accept deposits. These non-depository financial institutions include insurance companies, pension funds, brokerage firms, and finance companies. They serve both individuals and businesses.

What is Investment Bank?

Investment banks are financial organizations that supply services and function as a middleman in complicated transactions, such as mergers or the initial public offering (IPO) of a startup. Large institutional clients like pension funds, they can also serve as brokers or financial advisers.

Investment banks don't accept deposits; instead, they assist people, organizations, and governments in raising funds by issuing securities. Investment firms, also referred to as mutual fund companies, combine funds from retail and institutional investors to give them access to a wider range of assets.

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