Characteristics of Financial Services?


Financial services refer to any transaction provided by financial institutions like banks. Financial services include loans, bank deposits, mutual funds, and stocks. The characteristics of financial services are that it should be customer-oriented and it should be adaptive to the changing economy.
Q&A Related to "Characteristics of Financial Services?"
Commercial banks accept demand deposits. According to the Federal Deposit Insurance Corporation, demand deposits include any funds which may be withdrawn upon demand by the depositor
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