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State the meaning of term Brokerage Services. Why bank act as dealers for such services? List the instruments in which bank deals. |
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Answer» This service of buying / selling financial products is known as Brokerage services. Investment Bank Dealers know their customers’ needs and can help meet the two customers. Bank Dealers buy / sell financial products on behalf of their customers. Bank earns brokerage income and profit from buying / selling of securities. Bank Dealers provide brokerage services in case of: • Equity shares • Debt Instruments • Currencies • Derivatives instruments |
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