1. Traditional Activities:
At the earlier stage from 1920 to 1950, an approach is strictly followed in the financial service which is now changed as traditional approaches. This method works depends on the past experience as
well the predefined rules and methods. The Traditional approaches of finance are further classified into two categories. Have a look about that approach.
In order to overcome the limitations of Traditional approach a new approach is invented, which is latterly named as the modern approach of finance services. It has well-developed infrastructure when compared to traditional approaches.
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