Financial Services.

Financial Services by asksaud

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers, and some government-sponsored enterprises.

 

Financial services refer to services provided by the banks and financial institutions in a financial system. In general, all types of activities that are of financial nature may be regarded as financial services. In a broad sense, the term financial services mean mobilization and allocation of savings. Thus, it includes all activities involved in the transformation of savings into investment.

 

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