- The financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers12. The financial sector includes industries such as banks, investment companies, insurance companies, and real estate firms1. The financial sector reflects the state of the economy and has a significant impact on it through interest rates, mortgages and loans, debt financing, and capital funds2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
The financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers. This sector comprises a broad range of industries including banks, investment companies, insurance companies, and real estate firms.
www.investopedia.com/terms/f/financial_sector.aspKey Takeaways
- The financial sector consists of businesses, corporations, banks, and other financial institutions providing financial services and sustaining an economy.
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Financial Sector: Definition, Examples, Importance to Economy
Learn what the financial sector is, how it works, and why it is important for the economy. Find out the main industries, companies, and factors that affect the financial sector performance and investment opportunities. See more
The financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail … See more
A large portion of this sector generates revenue from mortgagesand loans, which gain value as interest rates drop. The health of the economy depends, in large part, on the strength of its financial sector. The stronger it is, the … See more
Some of the positive factors that affect the financial sector include: 1. Moderately rising interest rates.As rates rise, financial services companies … See more
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