What are the different types of banks?
An example of an AI chatbot conversation about the various types of banks available.
What are the different types of banks?
There are several types of banks, including commercial banks, investment banks, credit unions, and savings banks. Would you like to know more about a specific type?
Yes, can you explain what commercial banks do?
Commercial banks provide services like accepting deposits, offering loans, and facilitating transactions for individuals and businesses.
What about investment banks?
Investment banks specialize in helping companies raise capital, providing advisory services for mergers and acquisitions, and trading securities.
Are credit unions different from banks?
Yes, credit unions are member-owned financial cooperatives that often offer better rates and lower fees compared to traditional banks.
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