Contrast deposit money banks and investment banks, and distinguish the roles of the IMF and ADB.

Fresh day okparaugochi2021, let's solve. 1) Contrast between functions of deposit money banks and investment banks: Deposit money banks, also known as commercial banks, primarily focus on accepting deposits from the public and providing loans to individuals and businesses. They facilitate payment systems and offer services like checking and savings accounts. In contrast, investment banks specialize in capital market activities, such as underwriting new stock and bond issues, facilitating mergers and acquisitions (M&A), and providing advisory services to corporations and governments. They do not typically accept deposits from the general public. 2) Distinguish the roles of International Monetary Fund (IMF) and Africa Development Bank (ADB): The International Monetary Fund (IMF) works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. It provides financial assistance to countries experiencing balance of payments problems. The African Development Bank (ADB), on the other hand, is a regional development finance institution focused specifically on promoting sustainable economic development and social progress in its African member countries. It achieves this by financing development projects and programs, providing technical assistance, and promoting regional integration. Send me the next one 📸