The principal and interest What is the true definition of Compound interest? Main part amount you are borrowing

Money-center banks
- located in a major financial center that raises funds primarily by borrowing from other banks or by issuing bonds

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  make many types of loans, including business loans and mortgages
  
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  trade currencies and derivative securities
  
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  Investment banking continues to be a growing source of profits for money-center banks today
  

What feature of Finance company makes it different from Banks?

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  nonbank financial institution that makes loans but does not accept deposits
  
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  Finance companies raise funds exclusively by issuing bonds and borrowing from banks.
  
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What is the difference between community bank and regional bank?

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  Community Banks
  
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  commercial bank with less than $1 billion in assets that operates in a small geographic area
  
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  raises funds from local depositors and lending them to consumers and small businesses.
  
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  Regional bank commercial bank with assets above $1 billion that operates in one geographic region
  

Indicate the correct types of Thrifts Institutions:

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  The two types of thrifts are savings institutions and credit unions.
  

Find the incorrect statement about Savings Institutions:

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  Savings institution
  
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  type of bank created to accept savings deposits and make loans for home mortgages; also known as savings banks or savings and loan associations (S&Ls)
  
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  Most savings institutions were established as mutual banks, meaning they were owned by their depositors and did not issue stock.
  

Indicate the false statement about Credit Unions:

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  Credit union
  

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