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What is Overview of Financial Services Types about?

Financial services can be broadly classified into two categories: fund-based and non-fund based. Fund-based services involve the actual transfer of funds and include activities like leasing, mortgage loans, and working capital finance. Non-fund based services do not involve an exchange of money up front but rather enable the creation of funds through fees, such as letters of credit, guarantees, and credit ratings. Financial services can also be categorized as either corporate or retail services. Corporate s

Author

Pari Savla

Language

EN