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.

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