(Answered) Describe the basic business of each of the following types

Finance

Describe the basic business of each of the following types of financial companies. Then explain why the firm in parentheses would want to operate as part of a financial holding company, or as part of a bank.

a. Insurance company (MO Bank)

b. Traditional investment bank (Goldman Sachs Group, Inc.)

c. Commercial bank Goldman Bank

d. Automobile manufacturer (BMW Bank)

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