Nonbank services that financial institutions provide
There are many nonbank services that financial institutions provide. For this journal, discuss what types of products you have currently (e.g., insurance, pension funds). How important is it to have these products available to you?
Upon completion of this unit, students should be able to:
- Explore the roles played by financial institutions in areas such as insurance companies, pension funds, and finance companies.
- Examine the differences between insurance companies, pension funds, and finance companies to include products offered.
- Illustrate the collaboration between financial institutions and individual businesses.
Your journal entry must be at least 200 words. No references or citations are necessary.
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