All financial institutions offer the same products and services of consumers.

True or False

The correct answer is False

Explanation:

Financial institutions include institutions such as banks, insurance companies, credit unions or investment banks that offer financial services this includes loans, deposit accounts, mortgage loans, credit cards, etc. Due to the number of both services and financial institutions not all financial institutions are the same as some offer only certain services and products to specific consumers or clients. For example, in the case of credit unions, these offer mainly loans or credits and this is only possible if one is a member of the union. Therefore, it is false all financial institutions offer the same products and services of costumer because each financial institution is particular.

The answer is False