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In general, financial services refer to a broad range of economic services provided by a variety of financial institutions like banks, governmental and non-governmental credit institutions, insurance companies, credit card companies, corporate and consumer finance companies, stock brokerage organizations, investment banking institutions and other financial services businesses etc. For both developed and developing economies, financial services industry represents a significant percentage of nation’s GDP. A strong financial industry represents strong and legitimate banking practices and reduces corruption related to financial exchanges and finance services.
Finance is used by individuals (personal financing), by governments (public finance), by businesses (corporate finance) and by a wide variety of other organizations.
In the United States of America, finance and insurance industry represented 7.9 percent or 1.24 trillion dollars of the country’s GDP in 2014.
Myassignmenthelp.com has brought expert financial services assignment help and its various aspects. Financial services industry comprises of the following institutions which provide consumers with a wide variety of financial services.
A bank is a financial institution that raises capital from one economic entity (typically an individual) and lends it to another economic entity (typically a business organization) either directly or indirectly through capital markets. The banking financial services are one of the most important sectors of financial services. There are two major types of banks operating in the world today:
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Insurance refers to an equitable transfer of financial risk or loss from a one economic entity (typically an individual) to another (usually an insuring company) in return for a fixed sum of money agreed upon by the two parties. Within the broad areas covered, insurance falls under risk management in finance. The person who is being insured has to pay a fixed sum of money for his insurance coverage called premium and the contract between the insurance provider and the person who is insured is called an insurance policy. This is personal financing for own benefit and about unforeseen losses in near future.
There are several types of insurance and the rate of premium and the insurance services provided often differ in accordance to them. A tabulated form of this risk management in finance is provided in our financial services assignment. Some of the major types of insurance are:
Our proficient financial services assignment help provides an in depth analysis of them with discussion in fund management and finance accounting.
Several banks now provide foreign exchange services. Such services include:
Currency exchange means the buying and selling or foreign currencies according to the current market rates. They are usually provided by various banking financial services. Nowadays, they are also provided by several non-banking agents like travel agents and private agencies. Wire transfer refers to the international transfer of money from one account to another. Finally, remittances refer to the act of sending money back to home by migrant workers living in another country. It also refers to the personal financing when a person travels from one country to another. Our experts can provide the ideal service you are looking for.
Investment services refer to a wide variety of specialized services provided by banks and other finance agencies which help global corporations to raise large sums of investment capital for conducting businesses. Some of the major types of investment services are:
Apart from these core services, financial services consist of a number of other types of services for both individuals and corporations. They are:
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This article mainly focused on the various kinds of financial services used by both individuals and corporations. For students needing financial services assignment help, we have a separate team of academicians.
Students who pursue this specialized course need the help of professional academic writers. Our financial services assignment help is compiled and completed by eminent PhD qualified experts who has excelled in this field. The vast and elaborate field, it includes personal financing, finance accounting, fund management, financial services businesses and many more. In short, it encompasses all other services provided by the finance industry that manage money. The financial services assignment can be on any relevant topic from this area, from banking financial services to specialized finance service, it includes all. Get the ideal financial services assignment help at MyAssignmenthelp.com and secure the best grades among all our folks.
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