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What else can I help you with?
How is investment bank different from a commercial bank?
an investment bank is a non depository institution, and a commercial bank takes customers' deposits.
What is the definition of a bank?
A financial institution that accepts deposits from depositors and channels the money to those who need it (borrowers). This is the primary business of a bank.
What is a commercial institution?
A commercial institution is a bank that provides services such as accepting deposits, making business loans, and offering basic investment products. It is different from an investment bank, due to banking regulations.
What is monetary and non monetary financial institution?
A monetary financial institution (MFI's) is a bank (central, retail, wholesale) or building society which allows entities to make deposits with their institution. A non-monetary institution does not accpet deposits, i.e insurance firms or pension schemes. this a simple definition which should start you off on the right path. I hope. :)
What is the correct spelling of someone who deposits?
A person who has deposited money in a bank or similar institution is called a depositor
What is the difference between an investment bank and a retail bank?
an investment bank is a non depository institution, and a commercial bank takes customers' deposits.
What is correspondence bank?
A financial institution that provides services on behalf of another, equal or unequal, financial institution. A correspondent bank can conduct business transactions, accept deposits and gather documents on behalf of the other financial institution. Correspondent banks are more likely to be used to conduct business in foreign countries, and act as a domestic bank's agent abroad.
What are deposits?
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Are deposits assets or liabilities of a bank?
Customers deposits in a bank are the bank's liabilities because they are OWED to the customer.
What were American bank deposits in 1995?
In 1995, $2.7 trillion was held in American bank deposits
What is RBC institution number?
The RBC institution number is a unique identifier assigned to the Royal Bank of Canada (RBC) for banking transactions. In Canada, the institution number for RBC is 003. This number is used in various banking processes, including wire transfers and direct deposits, to ensure that funds are directed to the correct financial institution.
Differences between non banking financial institutions and banking institutions?
A Bank is an organization that accepts customer cash deposits and then provides financial services like bank accounts, loans, share trading account, mutual funds, etc. A NBFC (Non Banking Financial Company) is an organization that does not accept customer cash deposits but provides all financial services except bank accounts. a) A bank interacts directly with customers while an NBFI interacts with banks and governments (b) A bank indulges in a number of activities relating to finance with a range of customers, while an NBFI is mainly concerned with the term loan needs of large enterprises (c) A bank deals with both internal and international customers while an NBFI is mainly concerned with the finances of foreign companies (d) A bank's man interest is to help in business transactions and savings/ investment activities while an NBFI's main interest is in the stabilization of the currency
