FratFiles

• Save Paper

An Overview of the Canadian Financial-Services Sector: Banking Industry

What is a financial intermediary? A financial intermediary is an organization that raises money from investors and provides financing for individuals, companies and other organizations. Intermediaries are a stop on the road between savings and real investment. Mutual funds and pension funds are two important classes of intermediaries. A financial institution usually suggests a more complicated intermediary doing more than just pooling and investing savings. Banks and insurance companies are good examples.

A bank is where you can borrow money only if you can prove you don¡¯t need it. To some extent, this joke is more truth than fiction. While banking has a profound effect on our lives, influencing the availability of jobs, the cost of living, and our savings for the future, there is still much confusion about exactly a bank is because banking today is a quite different industry than in the past. A......

View the rest of this paper...

Approximate Word Count: 3491
Approximate Pages: 14 (250 words per double-spaced page)

Similar Essays

1. An Overview Of The Canadian Financial-Services Sector: Banking ...
   

   An Overview of the Canadian Financial-Services Sector: Banking Industry. An
   Overview of the Canadian Financial-Services Sector: Banking ...

2. Accounting Theories
   

   ... on the US and uses the financial services industry as its ... Scor.rtf Derivatives :
   An 8 page overview of [financial ... Mortgage.wps The Canadian Housing Market : A 7 ...

3. Is There A Viable Market
   

   ... Within three months after the Financial Services Commission and the ... The report will
   contain an overview of the ... US Dollar [] Pound Sterling []Canadian []Other 5 ...

4. International Business Prospective
   

   ... continents, we provide a brief overview of all ... center, employing over 300,000 in
   its financial services sector. ... are vital to the Canadian economy, accounting ...

5. The Role Of E-Commercce In Global Business
   

   ... AN OVERVIEW OF E-COMMERCE E-commerce is ... The Canadian National Railway Company once
   had more ... but banks and other traditional financial services providers are ...