- 20 Marks
MRB – OCT 2022 – L4 – Q5 – Differences Between Banks and Specialized Deposit-Taking Institutions
List and explain five areas of differences between Banks and Specialized Deposit-Taking Institutions under Act 930.
Question
How different are Banks from the Specialized Deposit-Taking Institutions according to the Act, 2016 (Act 930)?
List and explain five (5) areas of differences that exist between the two categories of financial intermediation.
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