Question

question 7 of 10
a for - profit institution that works with large companies and corporations to manage deposits, loans, and investments is known as a(n) ______.

a. commercial bank
b. investment bank
c. credit union
d. savings bank

Explanation:

Investment banks are for - profit institutions that focus on working with large companies and corporations. They help these entities manage deposits, loans, and investments, such as facilitating corporate financing through underwriting securities, providing investment advice, etc. Commercial banks mainly serve individual consumers and small businesses in addition to some corporate services but not as focused on large corporate investment - related management as investment banks. Credit unions are member - owned non - profit financial cooperatives. Savings banks are more focused on accepting savings deposits and providing mortgage loans, not primarily on managing large corporate deposits, loans, and investments.

Answer:

B. investment bank