Question

explain the characterestics of financial services?
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Answer 1

Answer:

Features of Financial Services

Financial services are Intangible.

Financial services are customer oriented.

The production and delivery of a service are simultaneous functions therefor are inseparable.

They are perishable in nature and cannot be stored.

Answer 2

Answer:

Intangibility: The basic characteristics of financial services are that they are intangible in nature. For financial services to be successfully created and marketed, the institutions providing them must have a good image and the confidence of its clients. ... This way, financial services are customer-oriented.