As a business students, what do you think is the contribution of the different financial institution in the community?
Financial institution in the community has a big role. They provide liquidity to the economy. They also provide higher level of economic activity than would otherwise be possible. Financial institution helps people and businesses in the economy such credit, managing market and pooling risk among consumers. Financial institution helps businesses in the community by providing credit that helps drive economic expansion by allowing businesses to undertake new ventures without saving up the necessary money.
What are an example of financial institutions
1. Banks;
2.Pawnshops;
3.Lending investors;
4.Micro-finance
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