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Questions and Answers
What is a characteristic of retail deposit and lending?
What distinguishes wholesale banks from retail banks?
Which type of banking usually involves large transactions?
What is a common feature of retail banks?
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Which statement accurately contrasts retail and wholesale banking?
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Which type of banks typically deal with large corporations?
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In terms of transaction size, what is a characteristic of retail deposit and lending?
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What distinguishes wholesale banks from retail banks in terms of customers?
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Which type of banking typically involves relatively large transactions?
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What characterizes the type of customers retail banks usually deal with?
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Study Notes
Characteristics of Retail and Wholesale Banking
- Retail deposit and lending transactions involve relatively small values
- Wholesale deposit and lending transactions involve relatively large values
- Retail banks typically deal with individual customers and small organizations
- Wholesale banks typically deal with large corporations
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Description
Learn about the differences between retail and wholesale banking, including the size of transactions involved and the types of customers served.
