Finance

5 Types of Financial Information (Statements) – Explained

Financial information is data about financial transactions about a person or business. Examples of financial information are payment histories, credit card numbers, credit ratings by third parties, financial statements, etc. Financial information is used by investment companies, creditors, lenders, and management to evaluate an entity. While using financial information the security of the information should …

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7 Types of Financial Institutions – Explained

Financial institutions are engaged in the business of dealing with financial transactions and they are highly regulated by the government. Financial institutions help their clients with a wide variety of services like lending, deposit, investment services, and currency exchange. The main type of financial institutions is commercial banks, investment banks, mutual funds, insurance companies, advisory …

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Importance of Financial Intermediaries and How it is value to economic?

Financial intermediaries play a very significant role in the economy. A financial market is a physical place where the trading of financial instruments takes place. By the use of financial intermediaries, financial markets facilitate the flow of money from lenders to borrowers which helps in the improvement of the economy. Financial intermediaries are required for …

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8 Characteristics & Feature of Financial Intermediaries

Generally, financial intermediaries are engaged in bringing together the ultimate borrowers and ultimate lenders of finance. They allocate the funds of companies that have a surplus of capital and lend them to production companies. In this way, their objective is to convert savings into investments. The financial intermediaries charge a fee for their service and …

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12 Types of Financial Intermediaries – And How Do They Work?

A financial intermediary means an institution that acts as a middleman between two parties in order to help financial transactions. Financial intermediaries are highly specialized and they connect market participants with each other. Financial intermediaries include banks, investment banks, credit unions, insurance companies, pension funds, brokers and exchanges, clearinghouses, dealers, mutual funds, etc. 1) Banks …

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12 Main Objective of Financial Management You Should Know

Meaning: Financial management is that managerial activity that is involved in planning and controlling of firm’s financial resources. It is concerned with acquiring, financing, and managing assets to accomplish the overall goal of a business enterprise. Every beginner needs to start a business or a company with financial knowledge and management strategies. Finance is directly …

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ERG Theory of Motivation: What is it? and How does it work?

Clayton Alderfer’s ERG theory of motivation from 1969 converges Maslow’s five human needs into three categories: Existence, Relatedness, and Growth. Existence Needs: This need includes basic survival and physiological needs like air, water, clothing, safety, intimacy, and affection. This equates to Maslow’s first two levels. Relatedness Needs: This need encompasses social and external esteem, relationships …

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