Question

All financial institutions offer the same products and services to consumers.

Answer 1

Yes, although all financial institutions offer similar products and services to consumers, yet we find it different. It is because the products and services are marketed differently.

There may be slight differences in interest rates or in add-ons, still, we find one product superior than the other, and that is due to how the product has been presented to us.

Answer 2

Answer:

Generally all financial companies or institutions provide similar services and products, but they are little changes here and there to make the product look little different.

However, that has to stay within the limitations of the regulatory institutions of the country and cannot give anything extra beyond the guidelines laid by the regulatory institution.