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Essay

An Overview of the Canadian Financial-Services Sector: Banking Industry

Essay specific features

 

Issue:

Business

 

Written by:

Barbara J

 

Date added:

December 14, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

13 / 3371

 

Was viewed:

1002 times

 

Rating of current essay:

 
Essay content:

A financial institution usually suggests a more complicated intermediary doing more than just pooling and investing savings. Banks and insurance companies are good examples. A bank is where you can borrow money only if you can prove you don??t need it. To some extent, this joke is more truth than fiction...
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While banking has a profound effect on our lives, influencing the availability of jobs, the cost of living, and our savings for the future, there is still much confusion about exactly a bank is because banking today is a quite different industry than in the past. A bank can be defined in terms of (1) the economic functions it serves, (2) the services it offers its customers, or (3) the legal basis for its existence...
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