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Unformatted text preview: interest on checking accounts now to be more competitive. Non-deposit institutions are financial institutions that take payments in return for a service rather than providing only interest such as insurance companies, pension funds, and securities firms. These non-deposit institutions take premiums and cash from customers and provide peace of mind in the form of life insurance or retirement benefits in the form of pensions, just to name a few. Each of these types of financial institutions help one to develop their personal financial plan because the deposit institutions help people to grow their earnings on money that they need readily available where the non-deposit institutions help people to plan for the future by enabling protection in the event of a tragedy or upon their retirement....
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This note was uploaded on 02/26/2012 for the course FIN 102 taught by Professor Franks during the Spring '12 term at University of Phoenix.
- Spring '12