💫Financial services play a crucial role in the economy and offer several benefits.
Ø Economic Growth: They are the primary driver of a nation’s economy.
Ø Capital and
Liquidity: They provide the free flow of capital and liquidity in the
marketplace.
Ø Risk
Management: Companies in this industry are better able to manage risk
Ø Funds for
Productive Ventures: They ensure there is no shortage of funds for productive
ventures..
Ø Reduced
Transaction Costs: They reduce the cost of transactions and borrowing by
providing an adequate financial structure and system.
Ø Financial
Decisions: They help in making good financial decisions.
Ø Risk
Allocation: They aid in the allocation of risk and help to minimize risk.
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