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People also ask
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What is the financial services area of finance?
In other words, it involves the transaction required to obtain the financial good. The financial sector covers many different types of transactions in such areas as real estate, consumer finance, banking, and insurance. It also covers a broad spectrum of investment funding, including securities (see box).
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What is a financial organization that accepts deposits from and makes loans to employees of a company?
Economic... C3...... Part 3 Vocabulary AB credit union - a financial organization that accepts DEPOSITS from and makes LOANS to employees of a particular company or gov't agency labor union an organization of workers for to represent its members' interests15 more rows
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What type of financial institution accepts deposits?
A commercial bank, where most people do their banking, is a type of financial institution that accepts deposits, offers checking account services, makes business, personal, and mortgage loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses ...
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What is a financial organization that accepts deposits from and makes loans to?
A credit union is a not-for-profit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products.
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What is a business that receives deposits and makes loans?
Commercial banks are what most people think of when they hear the term “bank.” Commercial banks are for-profit institutions that accept deposits, make loans, safeguard assets, and work with many different types of clients, including the general public and businesses.
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What are financial institutions that accept deposits and make loans called?
Explanation: Depository financial institutions are defined as the institutions that accept deposits from customers or provide loans to customers.
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What is the primary objective of the Missouri Division of Finance?
The Missouri Division of Finance regulates state-chartered banks, trust companies, consumer credit facilities, mortgage brokers, and savings and loan institutions.
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What is a financial institution licensed to receive deposits and make loans?
Bank: A financial institution and business that accepts deposits, makes loans, and handles other financial transactions.
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