Is a finance company a type of bank

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Suppose a company raises funds by issuing short-term bonds (commercial paper). It uses the funds to make private loans.

Such a firm is called a finance company. Is a finance company a type of bank?

Reference no: EM131220615

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Is a finance company a type of bank : Suppose a company raises funds by issuing short-term bonds. - Such a firm is called a finance company. Is a finance company a type of bank?
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