Name the two categories of financial institutions
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They are divided primarily into two categories, depository institutions and the non-depository institutions based on the type of transactions performed by them.
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Banks, Thrifts, and Credit Unions - What's the Difference?
Commercial Banks. Commercial banks are generally stock corporations whose principal obligation is to make a profit for their shareholders. ...
Savings and Loans/Savings Banks. ...
Credit Unions.
Explanation:
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