FIS 260 Week 2 CheckPoint Functions of the Banking System CheckPoint: Functions of the Banking System • Answer each of the following questions: What are the differences between commercial and investment banking? What types of services and products do commercial banks provide? What types of services and products do investment banks provide? What are the five functions that the banking system performs? What is universal banking? What types of charters can U.S. banks obtain? What types of depository protection exist for U.S. banks? What are two ways banks can fail? • Post your response to the Assignment section as an attachment
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