Social Sciences, asked by zingte170, 7 months ago

discuss the role offinancial institution is an economy​

Answers

Answered by riyatyagi46
1

Answer:

A financial institution is basically an establishment that conducts financial transactions such as investments, loans and deposits.

There are five main types of financial institutions.

1.Commercial banks

2. Investment Banks

3. Insurance Company

4. Brokerage

5. Investment Company

I hope this answer helpful for you

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