Description: Financial institutions can have private or public ownership patterns. They function to invest, collect, as well as to distribute money.
Role In The Economy
People who are planning to start a new account or an investment must put in some time to research current financial institutions. Several banks and financial institutions exist around the world, which may confuse customers. If you can understand the different types of banks and their functions, you will come to know their role in our economy.
What are Banks and Financial Institutions?