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Financial corporations which serve individual savers and commercial mortgage borrowers are...

This question belongs to Commerce Financial Management
Financial Management
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Financial corporations which serve individual savers and commercial mortgage borrowers are classified as

Answer & Solution
Correct Answer: Option D
Financial corporations which serve individual savers and commercial mortgage borrowers are classified as savings and loans associations. Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.
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