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Difference between banking and finance

Updated: 9/16/2023
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14y ago

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Finance is generally related to all types of financial, this could be accounting, insurances, policies. Whereas banking is everything that happens in a bank only.

The term Banking and Finance are two very different terms but are often associated together. These two terms are often used to denote services that a bank and other financial institutions provide to its customers. Banking and finance is also referred to as a term of managing your money by investing it in either banks or other financial institutions. It is very important that you invest your money in case it is sitting idle.

By investing your money, you have a high chance of making a profit on that money and you would be doing the country proud by investing as that money will be used for the betterment of the country and it will be returned to you after a fixed period of time along with the interest whenever you set the time limit.

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