BUSINESS MANAGEMENT Lecture Notes - Giro, Financial Services, Consumer Confidence
20 Feb 2022
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Document Summary
Financial services are the processes by which individuals and businesses obtain financial goods. One simple example is a payment system provider"s financial service, which accepts and transfers funds between payers and recipients. Accounts settled with checks, credit and debit cards, and electronic funds transfers are included. One of the most important sectors of the economy is the financial services sector. It propels a country"s economy by facilitating the free flow of capital and liquidity in the marketplace. It consists of a wide range of financial institutions, including banks, investment houses, finance companies, insurance companies, lenders, accounting services, and real estate brokers. Consumer confidence and purchasing power rise when this sector and a country"s economy are strong. Financial activities are the initiatives and transactions undertaken by businesses, governments, and individuals in order to achieve their economic objectives. They are financial transactions that involve the inflow or outflow of funds.
