Investment banks are specialized banks accepting deposits with high yields that are not covered by deposit insurance.

Question

Quizplus · Accepted Answer

Investment banks are not banks that accept deposits from individuals and offer high yields. They are financial institutions that provide various financial services such as mergers and acquisitions, underwriting securities, and trading activities for their clients. Investment banks do not provide deposit insurance or accept deposits from the general public.

Investment Banks Are Specialized Banks Accepting Deposits with High Yields