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FINANCIAL SERVICES : A BASIC IDEA

Financial services are a broad range of more specific activities such as banking, investing, stock-breaking and insurance. Financial services are the works related to economy to encompass a broad range of service sector activities, especially as concerns financial management and consumer finance. Financial services are limited to the activities of financial firms and their professionals; while financial products are the actual goods, accounts or investments that are provided. Financial services are the economic services provided by the finance industry which encompass a broad range of businesses that manage money. Financial services are crucial to the functioning of an economy. Without financial services, people would be so intent on saving to cover risk that they might not buy many goods and services. Financial services help to maintain sufficient funds in an economy. It links the one who is in need of funds and those who can supply funds as they have sufficient savings. Various alike services enable people to acquire needed funds easily.