Briefly describe the various facilities provided by local institutions

1.	Briefly describe the various facilities provided by local institutions.explain.
Answer» <html><body><p>tion:A <a href="https://interviewquestions.tuteehub.com/tag/financial-988642" style="font-weight:bold;" target="_blank" title="Click to know more about FINANCIAL">FINANCIAL</a> institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, <a href="https://interviewquestions.tuteehub.com/tag/investments-25466" style="font-weight:bold;" target="_blank" title="Click to know more about INVESTMENTS">INVESTMENTS</a>, and currency exchange. Financial institutions encompass a <a href="https://interviewquestions.tuteehub.com/tag/broad-904339" style="font-weight:bold;" target="_blank" title="Click to know more about BROAD">BROAD</a> range of business operations within the financial services sector including banks, trust <a href="https://interviewquestions.tuteehub.com/tag/companies-25572" style="font-weight:bold;" target="_blank" title="Click to know more about COMPANIES">COMPANIES</a>, insurance companies, brokerage firms, and investment dealers. Virtually everyone living in a developed economy has an ongoing or at least periodic <a href="https://interviewquestions.tuteehub.com/tag/need-25476" style="font-weight:bold;" target="_blank" title="Click to know more about NEED">NEED</a> for the services of financial institutions.</p></body></html>

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