discuss the five functions of financial bank.
Answers
Explanation:
Introduction to Financial Institution
Financial Institutions are referred to as a company that deals in all types of finance-related businesses. They are different from banks and play a very important part in broadening the financial services in the country. They provide a very attractive rate of returns to the customers in comparison to any government-centric banks. It deals in loans and advances and also specializes in some specified sectors like hire purchases and leasing etc.
Explanation
The financial institution deals with finance-related services. These are gaining popularity day by day nowadays. The attractive rate of returns on the customer’s investment is very demanding. It also provides specialized services like hire purchase and leasing, etc. The simple and organized procedure of the institutions is becoming very complementary. It provide a broad range of business opportunities. There are different types of financial institutions. The goal of all the institutions is different and they provide different services and have different levels of risk associated with it. All the financial institutions have unique features and it works in a specialized way. The financial institution is gaining immense popularity in broadening the finance-related services in the country.
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Role of Financial Institutions
The financial institution provides varied kinds of financial services to the customers.
The financial institution provides an attractive rate of return to the customers.
Promotes the direct investment by the customers and making them understand the risk associated with that as well.
It helps in forming the liquidity of the stock in case of an emergency in the financial markets.
Features
It provides a high rate of return to the customers who have invested in the financial institution.
It reduces the cost of financial services provided.
It is considered very important for the development of financial services in the country.
It also advises the customers on how to deal with the equity and the other securities bought and sold in the market.
It helps to improvise decision making because it follows a systematic approach to calculate all the risks and rewards.
How does it work
Explanation:
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