Chapter such as life insurance to promote wealth

Chapter 1 Homework

Answer: Operating costs risk , risk
of liability withdrawal , and interest rate risks are common to financial

FIs are
better at analyzing information than individuals. FIs allow for people who are
saving to have secondary claims instead of primary ones. Financial institutions
give lower risk through secondary securities

banks tend to be the service  providers .

FIs are a huge part of the finance sector of the economy. FIs provide services
such as life insurance to promote wealth for a family over a long period. FIs
have made the flow of money faster making the payment services technologically