In pre-modern societies, status differentiation is widely varied. In some cases it can be quite rigid and class based, such as with the Indian caste<span> system. </span><span>In contrast to modern societies, a person’s lifelong position in most premodern societies was mostly determined by the caste he/she belongs.</span>
Credit unions are usually private and you have to be invited to join it
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I have to have more than 20 characters…
Capitalized financial institution has more to lose if it fails and thus is less likely to pursue risky activities.
A financial institution, sometimes called a banking institution, is a company that acts as an intermediary in various types of financial currency transactions.
A Financial Institution (FI) is an entity that engages in financial and monetary transactions such as deposits, loans, investments and exchanges.
A bank is a financial institution authorized to accept deposits and make loans. There are different types of banks such as retail banks, commercial banks, and investment banks.
Major categories of financial institutions include central banks, retail and commercial banks, internet banks, credit unions, savings and loan associations, investment banks, investment companies, brokerage firms, insurance companies and mortgage lenders. .
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