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What is the difference between banks and financial institutions?

Posted on January 21, 2022March 20, 2022 By admin No Comments on What is the difference between banks and financial institutions?
What is the difference between banks and financial institutions?

The term “commercial bank” is used to describe a bank that provides banking services to businesses, corporations, or individuals. The term “financial institution” refers to any business entity that offers its clients a wide range of products and services, including investment banking, insurance, asset management, credit cards, mortgages, etc. The primary function of the commercial…

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