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How terminology confusion affect financial-service customers

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Question: The term bank has been applied broadly over the years to include a diverse set of financial-service institutions, which offer different financial-service packages. Identify as many of the different kinds of banks as you can. How do the banks you have identified compare to the largest banking group of all-the commercial banks? Why do you think so many different financial firms have been called banks? How might this terminology confusion affect financial-service customers?

Reference no: EM131717070

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