Question

Function of the commercial? 1To accept deposit s 2 Advancing loans 3 a And b 4 None of these... 3 questions In a country which bank is the of the government? 1 Private bank 2 Commercial bank 3 Foreign black 4 Center blank..... questions 4 Credit control means??1 Contraction and extension of credit 2 Contraction of credit alone 3 Extension of credit 4 Contraction and extension of money .... questions 5Which of the following is not the quantitative measures of credit control?? 1 Bank rate 2 Rationing of credit 3 Cash reserve ratio 4 Statutory liquidity ratio.... questions 7 Unequal distribution of income can be reduced?1 By progressive taxation system t 2 By proportional taxation system 3By regressive taxation system 4 By d

egressive taxation system​

Answer 1

Explanation:

PERSONAL FINANCE BANKING

Financial Institution (FI)

By ADAM HAYES

Reviewed By SOMER ANDERSON

Updated Apr 21, 2020

What Is a Financial Institution (FI)?

A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers. Virtually everyone living in a developed economy has an ongoing or at least periodic need for the services of financial institutions.