Question

important of finance service
​

Answer 1

Financial services ensure promotion of domestic as well as foreign trade. The presence of factoring and forfaiting companies ensures increasing sale of goods in the domestic market and export of goods in the foreign market. Banking and insurance services further contribute to step up such promotional activities.

Please mark as brainliest =)

Answer 2

The presence of these financial institutions promote investment, production, saving etc.Importance of Financial services. It is the presence of financial services that enables a country to improve its economic condition whereby there is more production in all the sectors leading to economic growth.