📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    ⚡ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚡
    00:00:00 AM Left

    Question

    Banking services between merchant banks and other

    financial institutions are known as _____________.
    A Merchant banking Correct Answer Incorrect Answer
    B Retail banking Correct Answer Incorrect Answer
    C Commercial banking Correct Answer Incorrect Answer
    D Investment banking Correct Answer Incorrect Answer
    E Wholesale Banking Correct Answer Incorrect Answer

    Solution

    Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds and government entities/agencies), and services offered to other banks or other financial institutions.

    Practice Next
    ask-question