A ________ is a privately owned, profit-seeking firm that serves individuals, non-business organizations, and businesses as a financial intermediary.

Question

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Chartered banks are privately owned financial institutions that serve individuals, non-business organizations, and businesses as a financial intermediary. They provide a wide range of financial services such as deposits, loans, and investments. Other options such as pension fund, credit union, trustee, and trust company have different functions and do not fit the description of a privately owned, profit-seeking firm that serves individuals, non-business organizations, and businesses as a financial intermediary.

A ________ Is a Privately Owned, Profit-Seeking Firm That Serves