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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 focus on serving individual consumers, offering basic banking services like checking/savings accounts which are ideal for a student's everyday financial needs. Savings and loans prioritize home lending, commercial banks serve businesses, and investment banks handle large financial transactions for corporations/institutions, none of which match a student's primary banking needs.
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a. a retail bank