MANAGEMENT

Detailed explanation-1: -A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

Detailed explanation-2: -Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions.

Detailed explanation-3: -Types of financial institutions include: Banks. Credit unions. Community development financial institutions.

Detailed explanation-4: -Central banks, commercial banks, investment entities, credit unions, thrift institutions, insurance companies, etc., are some of the widely available financial institution types. They also offer consultation services to consumers who seek advice on the pros and cons of making a particular investment.