Financial institutions and market
Understand the Problem
The question appears to be asking about the role and functions of financial institutions and markets, potentially seeking an explanation or overview of these concepts in finance.
Answer
Financial institutions manage money, while financial markets facilitate trading.
Financial institutions include banks, credit unions, and investment companies that help manage and grow money. Financial markets, such as stock and bond markets, facilitate the trading of financial instruments.
Answer for screen readers
Financial institutions include banks, credit unions, and investment companies that help manage and grow money. Financial markets, such as stock and bond markets, facilitate the trading of financial instruments.
More Information
Financial institutions play a critical role in the economy by providing venues for saving, borrowing, and managing money, while financial markets are integral for investment and capital raising.
Sources
- The types and functions of financial institutions and markets (article) - khanacademy.org
- Financial Markets, Financial Institutions, and Fiscal Service - Treasury - home.treasury.gov
- Financial Markets: Role in the Economy, Importance, Types, and ... - investopedia.com
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