Business Studies, asked by zaibwazirpk78688, 4 months ago

differentiate between commercial banks and saving institutions with example

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Answered by priyesh9197

Answer:

Commercial banks and savings and loans issue loans to consumers for mortgages, cars, personal loans and credit cards. Both commercial banks and S&Ls also make loans to businesses and government agencies. ... An S&L focuses mainly on mortgages and other kinds of consumer loans.

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