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what is finacil institution

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what is finacil institution

Posted by Arman Sa Souza 6 years, 1 month ago

CBSE > Class 11 > Business Studies

1 answers

Sia ? 6 years, 1 month ago

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.

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