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What is the difference between a depository and a non-depository institution?
Financial institution:
Financial institution refers to a company or businesses which deals with any financial or monetary transaction from its client or customer such as investment, loans, deposits, and currency exchange. Examples of financial institutions are commercial banks and mutual funds.
Answer and Explanation:1
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Both depository and non-depository are financial institutions with a significant distinction.
Depository institution - are those financial...
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Financial Institution | Definition, Types & Examples
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Chapter 26/ Lesson 1
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Discover the financial institution definition. Read about the types of financial institutions and their functions. See examples of some of the largest financial institutions.
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