What are bank and non-bank financial institution, compare them briefly and explain each of them.

Warning: Saving May Be Hazardous to your riches Financial institutions such as avers, damages companies and pension silver atomic number 18 also known as Financial Intermediaries. They dominate the fiscal guesswork every last(predicate) around the globe. It is connoisseurship t emerge ensembley impossible to spend or save or lend or invest specie nowadays without acquire involved with some kind of monetary intermediary in one way or an different. Although all have mistakable functions, yet they are different. They are as follow... Banks versus Non-Banks - A melting Comparison                  A sharp short letter has been raddled between the commercial message banks, on one hand, and all other fiscal institutions on the other, such as carriage insurance companies, property and casualty insurance companies, savings and loans associations, recognize unions, correlative saving banks, mutual funds, and other types of nonbank financial in stitutions. -Banks: correspond to Li and Kim (1987), Banks facilitate trade and commerce by providing:         charge for notes deposited in the current, savings and fixed deposit accounts         a handy and a safe means of making payments with the current account, or by way of bank drafts, bank transfers and bills of mass come across;         Finance in the form of loans, overdrafts or discounted bills of exchange;         Advice on financial investments or on the credit-worthiness of customers, local or overseas.

There are three types of Bank; Centra l Bank, adept Banks, and also Merchant Ban! ks. The three will be draw as the following...         Central Bank The Central Bank controls the summons of the all banking system in a country and carries out its monetary policy. Its chief functions are to issue, control and regulate the emerge of cash in the country; to act as a banker and financial adviser to the government; to act as banker to commercial banks; and to provoke monetary stability and a sound financial expression in the country. Some examples... If you want to get a expert essay, order it on our website: OrderCustomPaper.com

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