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Friday, March 14, 2014

Banking 3/27/14



Payday lenders offers small cash loans.
The federal reserve is the central banking system of the united states.
A retail bank typically deals directly with individual costumers but  may also serve business as well.
Commercial banks deal primarily with deposit and loans from corporations or large businesses but may also function as retail banks and offer services to individual.
Saving and loans are banks that specialize in accepting saving deposits and making mortgage loans, but may offer other services such commercial loans and retail checking
Credit union is a cooperative bank, meaning its privately owned and controlled by its member.

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