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What are the three major types of financial institution mentioned in the text?
What are the three major types of financial institution mentioned in the text?
Depository institution, Contractual institution, Investment institution
Name two examples of depository institutions mentioned in the text.
Name two examples of depository institutions mentioned in the text.
Bank, Credit union
What is the trend some experts see in financial institutions, as mentioned in the text?
What is the trend some experts see in financial institutions, as mentioned in the text?
Trend toward homogenisation, meaning a tendency to invest in similar areas and have similar business strategies
According to ownership structure, how can financial institutions be broadly distinguished?
According to ownership structure, how can financial institutions be broadly distinguished?
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What might be a consequence of the trend toward homogenisation of financial institutions?
What might be a consequence of the trend toward homogenisation of financial institutions?
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