Asked by Timofei Bolshev on May 07, 2024
Verified
Until the year ____,there was a clear line of demarcation between commercial banks and thrift institutions.
Demarcation
The act of setting boundaries or distinguishing differences between things, often used to establish sectors within fields or professions.
Commercial Banks
Financial institutions that accept deposits, offer checking account services, and provide business, personal, and mortgage loans.
Thrift Institutions
Financial institutions that primarily accept savings deposits and make mortgage and other loans.
- Know the historical evolution and differentiation of banking institutions.
Verified Answer
SM
Learning Objectives
- Know the historical evolution and differentiation of banking institutions.