In considering your role as a manager at On Your Mark, you prepare to discuss with your diverse staff the role of financial institutions. Answer the following questions to prepare for the weekly status meeting:
What role(s) do financial institutions play in the financial decision making of individuals? Use personal examples to explain.
How do financial institutions facilitate transactions between individuals, businesses, and governments?
Why are these roles necessary?
What role(s) do financial institutions play in financial matters for businesses?
Are the roles the same or different than for individuals? Explain.