meaning of financial institution
Answers
Answer:
Financial institutions are corporations that provide financial markets
Answer:
Explanation:
Financial Institution - These institutions are the working bodies that help the economy and it's different parties to create a balance between the consumption and creation of money. These institutions are the guidelines for creating awareness about how to use money resources in a well-channelized manner that can input to the economy and personal growth.
They accept the money as saving and lend it as loans and credit to fulfill the gap between the availability and lack of money resources.
They also work as the agent for the business and individual by completing the task as transferring if payment and pay off the expenses incurred through the help do their account.