Question

1.)paano nagkakaiba ang bangko at di- bangko bilang institusyong pananalapi?

2.) bakit itinuturing na mahalaga ang papel na ginagampanan ng mga institusyon ng pananalapi sa lipunan?

Answer 1

All banks are financial institutions, but not all financial institutions are banks.

One can transact daily deposit or withdrawing money in bank accounts, but it is not possible in other financial institutions.

The role of a financial institution is very important in society as they are the support for the monetary system and helps the economy to grow.