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

Q.	The difference between a bank and a non-banking financial institution (NBFI) is that: [IAS 1994]
A.	a bank interacts directly with customers while an NBFI interacts with banks and governments
B.	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
C.	a bank deals with both internal and international customers while an NBFI is mainly concerned with the finances of foreign companies
D.	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» B. 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

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