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Question
lupe is a student who wants to open a bank account. which type of bank is most likely the best option for her needs? a retail bank a savings and loan a commercial bank an investment bank
Retail banks offer services like checking and savings accounts for individual consumers. Savings and loan associations focus more on home - related loans. Commercial banks mainly serve businesses. Investment banks deal with complex financial transactions like underwriting securities. Since Lupe is a student and just wants to open a basic bank account, a retail bank is the best fit.
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a retail bank