Question

what is the financial institutions?

Answer 1

financial institution is an establishment that conducts financialtransactions such as investments, loans and deposits. Almost everyone deals with financial institutions on a regular basis. Everything from depositing money to taking out loans and exchanging currencies must be done through financial institutions.

Answer 2

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Here's ur answer_______________________

A financial institution(FI) is a company engaged in the business of dealing with financial and monetary transactions such as investments ,loans,and deposits.Almost everyone deals with financial institutions on a regular basis.

The four types of Financial Institutions :

•Commercial Banks
•Savings and loan associations
•Credit Unions
•Brokerage Firms


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