Question

Discuss the financial services and products often offered by financial institutions

Answer 1

Answer:The most common types of financial institutions include commercial banks, investment banks, brokerage firms, insurance companies, and asset management funds and some of the products are save, invest, get insurance or get a mortgage.

Explanation:

• Commonly offered service by financial institution is commercial bank service it helps individuals to raise money to run their business from other firms.
• Foreign exchange is a service where people can purchase and sell foreign currency banknotes,people can send funds to international banks.
• Options are financial products which is just rights to buy and sell shares the rights of the share is purchased by the option holder.