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Merchant Banks - Banking Institution
Merchant Banks begun life as merchants and begun to control in financial firms, during the 19th Century. The merchant banks act like a principal when they buy share from the company before the issue is completed. Merchant banks accept bills of exchange that deal in the leasing of industrial equipment.
Example of Replacement of Assets Estate Developers purchased a machine five years ago on a cost of £7,500. The machine had a probable economic life of 15 years at the moment
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