Question

2

Highlight four ways in which commercial banks differ from non-bank Financial institutions.
(4mks)
Commercial bank from non bank financial institution
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Answer 1

Commercial banks give short-term loans while non-bank financial institutions offer medium and long-term loans. -commercial banks offer current account while non-bank institutions do not. -commercial banks offer all types of accounts while non-bank financial institutions offer only savings and fixed deposit accounts.

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