Financial Institutions and Markets

What Are Financial Institutions? Organizations that help manage money, such as:

• Banks: Provide saving, investing, and lending services.
• Credit Unions: Member-owned institutions offering favorable rates.
• Brokerage Firms: Facilitate investments in stocks, bonds, and other assets.
• Insurance Companies: Offer protection against financial losses.

What Are Financial Markets? Places where financial assets are traded, such as:

• Stock Markets: For buying and selling shares of companies.
• Bond Markets: For trading loans to governments or corporations.
• Money Markets: For short-term debt securities like Treasury bills.