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A Treasury 1 note, typically issued by the U.S. Department of the Treasury, represents a debt obligation of the U.S. government and is considered a safe investment. In contrast, a Bank of England 1 note refers to a banknote issued by the Bank of England, which is used as legal tender in the UK. The key difference lies in their issuance: Treasury notes are government securities, while Bank of England notes are currency used for everyday transactions. Additionally, the institutions and countries they represent are different, with one being U.S. federal and the other being UK central banking.
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What are differences between commercial bank and non bank financial institution?
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