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8. Explain the difference between commercial banks and investment banks. Discuss their roles in our financial system, how each facilitates capital raising by firms, and

8. Explain the difference between commercial banks and investment banks. Discuss their roles in our financial system, how each facilitates capital raising by firms, and how each earns profits. Discuss the potential conflict of interest when these two entities are housed under the same roof.

(question from investments class)

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