Types of Financial Services

    Financial services can be of the following types:

    1. Capital Market Services: The term lending institutions usually provides long-term sources of finance and capital as a part of capital market services.
    2. Money Market Services: These are short-term capital services provided by commercial banks, co-operative banks, and other financial institutions.
    3. Retail Services: Retail services are given to customers for direct consumption.
    4. Wholesale Service: As the name suggests, this type of service is provided to corporate institutions which in turn convert these services into retail services to be given to the customers.


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