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What is meant by the term depository institution? How does a depository institution differ from an industrial corporation? (LG 111) What are the major sources

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What is meant by the term depository institution? How does a depository institution differ from an industrial corporation? (LG 111) What are the major sources of funds for commercial banks in the United States? What are the major uses of funds for commercial banks in the United States? For each of your answers, specify where the item appears on the balance sheet of a typical commercial bank. ( ( LG 11-2, LG 11-3)

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