📌 Introduction Ever wondered how money moves around the world? Or how banks, insurance companies, and stock markets stay in sync? Welcome to the financial services industry —the backbone of every economy. Whether you're opening a bank account, investing in mutual funds, or buying an insurance policy, you're interacting with this industry. This guide will break down everything you need to know to truly understand how it all works. 🏦 Key Components of the Financial Services Industry Banking The most visible pillar—banks offer savings, loans, and credit services. They are the bridge between savers and borrowers. Insurance Insurance providers help manage risk. From life to car insurance, they provide financial safety nets. Investment Services This includes brokers, financial advisors, and mutual fund companies who help grow wealth. Asset Management Firms that manage investments on behalf of clients—think portfolios, pensions, and real estate. Fintech A rising star...
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