Briefly Describe the Following Types of Financial Intermediaries

question 23

Essay

Briefly describe the following types of financial intermediaries:
1. Commercial bank
2. Investment bank
3. Mutual fund
4. Hedge fund
5. Pension fund
6. Insurance company

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Definitions:

Follow-Up

The act of maintaining contact with a potential or current customer after an initial meeting, presentation, or sale, to ensure satisfaction and encourage repeat business.

LinkedIn

A social networking platform designed for professionals to connect, share, and discover opportunities in their industries.

Prospecting Process

The method used by sales representatives to identify, research, and contact potential customers or clients for future sales.

Appointment

A scheduled meeting arranged between a salesperson and a potential client to discuss business or sales propositions.