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What is the role of the major non-depository financial institution in the financial system?
Wiki User
∙ 7y ago
Non-depository financial institutions play a major role in providing financial services and credit to both individuals and businesses. Non-depository institutions frequently compete with banks in offering financial services and credit but also offer services that would not be appropriate for banks. For example, insurance companies take on risks related to a wide variety of losses which would not be suitable for banks. Non-depository institutions can provide a safety cushion during difficult financial times by offering credit when banks may not be willing or able to lend.
Giovanny Medhurst
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How do you use the word financial institution in a sentence?
Major financial institutions include banks, insurance companies, and stock brokerages.
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How many banks lenders offer commercial loans?
Nearly every major financial institution offers commercial loans. To find out if you qualify for a commercial loan, arrange a meeting with a financial at one of the banks, such as BMO, CIBC or TD CanadaTrust.
Is there a financial institution provides people with good credit the chance to take over pymnts on loans that have been defaulted on?
Just contact the repo dept. of most major lenders.
