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Banks are examples of Financial Institutions.
In the US, a bank is defined as a financial institutions which offers both deposit accounts and loans.
Several major financial institutions offer equipment financing. Some of these institutions include Bank of America, Chase Commercial Bank, and PNC Bank.
There are several financial institutions that offer life insurance assurance. Some examples are Bank of America, Citibank, SunTrust Bank and Merrill Lynch Bank.
inorder for the bank to generate more income at the end of the financial period
Bank Bookie
i think so
investment bank
These are the intermediation that mobilized savings and helps in allocation of Funds in efficient manner. Financial Institutions can be classified as Banking and Non-Banking Financial Institutions are of two types schedule, can be Commercial Banks and Schedule Co-Operative Bank. The Schedule Commercial Banks can be Further classified into Public Sector Bank, Private Sector bank, Foreign Sector Bank. In India the Non-Banking Institution are of two types, i.e. Non-Banking Financial Companies & Development Financial Institutions.
Financial Institutions Duty, a state duty which all financial institutions pay on the money paid to them. --pranav@dubey.in
The primary function of the Federal Reserve Bank is to regulate the nation's monetary policy, supervise and regulate financial institutions, and maintain the stability of the financial system. It also serves as a central bank for the United States, providing financial services to depository institutions, the U.S. government, and foreign official institutions.
The main difference between financial and non financial institutions is in their functions. Financial institutions will accepts deposits and offer financial services like loans and so on while non-financial institutions do not engage in financial activities.