Definition of financial services by authors
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Facilities such as saving accounts, checking accounts, confirming, leasing, and money transfer, provided generally by banks, credit unions, and finance companies are called as financial services
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Financial services.
Explanation:
Financial services include all those services that are facilitated by the financial institutions such as banks, insurance companies, non-banking financial institutions, insurance companies etc.
For example,
Accepting deposits and lending of money by the commercial banks is one of the major financial services provided by the banks. management as well as providing information on the stock market and other issues like market trends.
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