Financial Institutions

Financial institutions are the institutions that provide a wide range of financial services to different sectors of individuals, businesses, and governments Describe monetary transactions such as loans, mortgages, and deposits. Financial institutions include a broad range of business operations within the financial services sector, including banks, insurance companies, brokerage firms, and investment dealers. Financial institutions accept deposits from people individuals and businesses to save their money and people can withdraw their money and use it anytime they want. Financial institutions also offer services like checking accounts, savings accounts, and certificates of deposit (CDs).