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Most people primarily deal with commercial banks, as they offer a wide range of services including checking and savings accounts, loans, and credit cards. These institutions are accessible and cater to everyday financial needs, making them the most common choice for the general public. Additionally, credit unions, which are member-owned and often provide similar services with potentially lower fees, are also popular among certain communities. Overall, these institutions play a crucial role in managing personal finances for the majority of individuals.

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2mo ago

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