In the United States, business organizations rely on various kinds of financial institutions to provide various financial products and services. Being aware of the different products and services that commercial banks, savings and loan associations, credit unions, and non-deposit institutions provide will help financial managers make beneficial financial decisions.
Read Chapter 16 in your textbook.
Prepare to discuss the four basic kinds of financial institutions that are utilized by U.S. businesses and what services they provide. Explain any familiarity you have with any of the types, and what those experiences entailed. Discuss any new information you gained that will be applied to your future relationships with those financial institutions.
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