The difference between a bank and a non-banking financial institution (NBFI) is that: [IAS 1994]

Question

Accepted Answer

a bank's main interest is to help in business transactions and saving/investment activities while an NBFl's main interest is in the stabilisation of the currency

Answer

a bank indulges in a number of activities relating to finance with a range of customers - while an NBFI is - mainly concerned with the term loan needs of large enterprises

Answer

a bank deals with both internal and international customers while an NBFI is mainly concerned with the finances of foreign companies

Answer

a bank interacts directly with customers while an NBFI interacts with banks and governments

The difference between a bank and a non-banking financial institution (NBFI) is that: [IAS 1994]

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The difference between a bank and a non-banking financial institution (NBFI) is that: [IAS 1994]

❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know? Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com