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A broad category of more specialized operations, such as banking, investing, and insurance, is referred to as financial services. While financial products are the real items, accounts, or investments that these companies offer, financial services are only the activity of financial services corporations and their professionals.
What are the financial services' roles?
An economy's ability to operate depends on the provision of financial services. Without them, people with money to save could find it difficult to connect with those who need to borrow from them, and vice versa. And without financial services, people might not purchase as many products and services because they would be so focused on saving to cover risk.
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