<u>The financial services and products often offered by financial institutions are as follows:</u>
Accepting deposits- The primary function of a financial institution is to accept deposits. Financial institutions accept deposits and the money is stored in the accounts for which interest is provided.
Lending loans- Financial institutions lend loans against a collateral which has to be submitted before raising one. The loan has to be repaid at an interest rate.
Internet banking- Today it is possible for people to carry out their operations in the internet. One can transfer money to other accounts and deposit money in the accounts using the internet.
Certificate of Deposit- It is a product offered by banks where people can deposit money for a fixed period of time for which interest rate will be provided.
Demat- Also known as dematerialization, it is the act of preserving the securities and shared of a person in an electronic format. A person is appointed to take care of the same who will scan the physical copies of the share, enter its details and upload the same in an online database.
The Intercoastal Highway in South America is a highway that connects the western and the eastern coast of the continent, running through the countries of Peru and Brazil. The big positive of this highway is that it is connecting the eastern and western part of the continent, enabling for easier transportation of goods, and easier movement of people, which is of great economic benefit for everyone involved. On the other hand, there are also negatives, with the two biggest being the destruction of lot of tropical rainforest, and deaths of animals. In order for this highway to be built, enormous amount of trees and other vegetation have been cut down, which is always a problem. Also, the wild animals are not used to a highway running through their habitat, so they do not know how to react, very often being run over by the vehicles passing through.
