The difference between a bank and a non-banking financial institution (NBF) is that:
1) a bank interacts directly with customers while an NBFI interacts with banks and governments.
2) a bank indulges in a number of activities relating to finance with a range of customers, while ab NBFI is mainly concerned with the term loan needs of large enterprise
3) a bank deals with both internal and international customers while an NBFI is mainly concerned with the finances of foreign companies
4) a bank's main interest into help in business transactions and savings/investment activities while an NBFI's main interest is in the stabilization of the currency
The earlier name of WTO was
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