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FINANCIAL SERVICESTHE
SECTOR
The financial services are a part of the economic services, these are a
range of businesses that manage money. These include; banks, credit card
companies, credit unions, insurance companies, accountancy companies,
stock brokerages and consumerfinance companies.
Banks are a massive part of the financial services sector. These deal with
money everyday in a variety of ways. The most common way they do this is
by providing accounts to keep their clients' money safe. Instead of keeping
all your money in cash that could easily be stolen with no compensation, it is
all stored in a bank account. Banks also provide loans to people that are
struggling to pay their bills. Credit cards are also provided by banks so you
can buy products and properties without having enough money for what you
want to buy.