1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solong [7]
2 years ago
13

What are financial institutions and why are they so important

Business
1 answer:
laiz [17]2 years ago
6 0

Answer:

Financial institutions, like banks, provide consumers with places to keep their existing funds and provide loan and credit options for future purchases. Financial institutions provide consumers and commercial clients with a wide range of services and different types of banking products.

Explanation:

You might be interested in
Analyze the benefits and the problems posed by the four approaches to the implementation of resource management policies: contro
Mars2501 [29]

Answer:

Explanation: The implementation of resource management policies can be achieved through the following: control theory, machine learning, utility-based, and market-oriented method.

1. Control theory:

Benefit- it can analyse linear and non linear systems, single or multiple systems.

Problem- It is complex and requires multiple computations

2. Machine learning Theory:

Benefit- It does not sole depend on extracting information and it gives room for improvements. It performs routine and non routine tasks

Problem- It requires a complex to understand and need trained professional to operate it.

3. Utility-based method:

Benefit - It gives urgency to tasks, it gives users better satisfaction.

Problem- the tasks needs to be carried out continuously

4. Market-oriented method:

Benefit - it gives room to know and understand the market, it leads to an increased organisational performance.

Problem- requires a professional.

8 0
3 years ago
Is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and contro
frez [133]

The correct answer is:  " management" .

____________________________

      "  <u>  Management  </u>  is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources. "

____________________________

An effective "mnemonic" for these 4 (four) components of management is:

"PLOC" ;  or more appropriate, in the order in which they occur:  "POLC" .

____________________________

Note that "organizational resources" include "data" (e.g. data management) ; as well as management of employees among various departments; hierarchies of management among departments;  supply chain marketing and management, and labor-management relations and human resources management.

Effective management skills include:  conceptual skills, technical skills, and human skills.

____________________________

4 0
3 years ago
If your uncle borrows $56,000 from the bank at 10 percent interest over the eight-year life of the loan. Use Appendix D for an a
Elan Coil [88]

Answer:

a. Annually equal instalment = Principal x rate x ( (1+rate)n / (1+rate)n -1 )

Explanation:

Accrding to the following formula, we calculate the anually equal instalment.

So, instalment = 56000 x 0.10 x ( (1.10)8 / (1.10)8 -1) = $10496.86498 ~ $10496.86

7 0
3 years ago
What is a bank??????????
AleksandrR [38]

Answer:

A Bank is a financial institution that accepts deposits from public and creates a demand deposit while simultaneously makeing loans.

8 0
3 years ago
Read 2 more answers
Which of the following circumstances usually comes before a period of economic contraction?
erik [133]
C
A low GDP for two or more consecutive quarters is usually followed by economic contraction. 
8 0
3 years ago
Other questions:
  • Round to the nearest unit.Happy Pet, Inc., is a large pet store located in Long Beach Mall. Although the store specializes in do
    12·1 answer
  • Which of the following statements about the consumers’ responses to rising gasoline prices is correct?a. Because gasoline is a n
    6·1 answer
  • Flapjack Corporation had 7,953 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budg
    14·1 answer
  • Jacob wants to buy three pairs of socks that normally sell at four pairs for $4.19. what is the first step jacob would use to ca
    11·1 answer
  • Consider the voluntary contribution to building a fence game discussed in class. Assume that v1 = v2=100 and C=150, and select a
    9·1 answer
  • Social Security payments are indexed for inflation using the CPI. A recent newspaper editorial claimed that Social Security reci
    6·1 answer
  • An investor asks a registered representative to underline the most important facts found in a preliminary prospectus. The regist
    7·1 answer
  • Which of the following is a primary responsibility of the Federal Reserve Bank?
    14·2 answers
  • Carla Vista Co. bought a machine on January 1, 2017. The machine cost $180000 and had an expected salvage value of $27000. The l
    14·1 answer
  • What concept is developed from an orderly, predictable environment versus a disorderly, irregular environment and is characteris
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!