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.
1. Banks;
2.Pawnshops;
3.Lending investors;
4.Micro-finance
Related links:
What is the role of financial institutions ?
brainly.ph/question/4685447
brainly.ph/question/2284244
brainly.ph/question/3089225
#Letsstudy
