MANAGEMENT

Detailed explanation-1: -A bank is a financial institution licensed to receive deposits and provide other services such as mortgage loans and individual retirement accounts. A chartered bank is a financial institution in the business of providing monetary transactions, such as safeguarding deposits and making loans.

Detailed explanation-2: -financial institution. Any organization or business that provides services related to money.

Detailed explanation-3: -The variety of services offered by lending institutions, brokerage firms, and other businesses are collectively referred to as the financial services sector. The financial services sector is comprised of banking, mortgages, credit cards, payment services, tax preparation and planning, accounting, and investing.