Discuss the different type of fund based and non foub based financial services
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Answer:
Banking, insurance, stock market and mutual funds
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Meaning:
A fund based financial service involves credit offered by banks in the form of loans, overdrafts and other cash transactions. In a non-fund based financial service the bank does not deal with funds or cash transactions. Some examples of this type of service are bonds, letters of guarantee and letters of credit.
Difference:
A fund based facility involves credit offered by banks through various forms such as overdrafts, loans or any other facility that involves cash transactions. A non-fund facility is one in which the bank does not deal with cash transactions or funds
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