BANKING AFFAIRS

Detailed explanation-1: -Notes: A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

Detailed explanation-2: -The 4 most common types of financial institutions are commercial banks, brokerage firms, insurance companies, investment banks.

Detailed explanation-3: -Expert-Verified Answer b) Underwriting the issuance of a financial product is not a financial service. Financial services include any kind of service involving the exchange of currency or management of assets.

Detailed explanation-4: -The Financial Services Sector includes thousands of depository institutions, providers of investment products, insurance companies, other credit and financing organizations, and the providers of the critical financial utilities and services that support these functions.