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Question
scenarios. drag and drop to match the items below: a corporation is looking for help with managing payroll and other cash management services. a large corporation wants to issue new shares to raise capital for expansion and seeks advice on how to proceed. a customer wants to open a savings account and wants to understand the differences between a regular savings account and a money market account. credit union drop here retail bank or credit union drop here investment bank drop here commercial bank
Brief Explanations
- Corporations use commercial banks for cash management services like payroll.
- Investment banks specialize in capital raising via new share issuance.
- Retail banks/credit unions offer and explain personal deposit accounts.
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- A corporation is looking for help with managing payroll and other cash management services. → Commercial Bank
- A large corporation wants to issue new shares to raise capital for expansion and seeks advice on how to proceed. → Investment Bank
- A customer wants to open a savings account and wants to understand the differences between a regular savings account and a money market account. → Retail Bank or Credit Union