Question

what are the importance of financial institutions in an economy ?

Answer 1

In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are highly regulated by government.

Answer 2

✌✌Hey, mate here is your answer⤵

Institutions on economic performance is extraordinarily important. ... An efficient financial sector reduces the cost and risk of producing and trading goods and services and thus makes an important contribution to raising the standard of living.

Hope this answer will help you..《《

#Be Brainly#
@1Angel25