answersLogoWhite

0

The change in econonmic condition affect financial services because when there is good economic condition there shall be with good financia services and viceversa is true

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Economics

What is Economic meltdown and it relevance in banking industry?

If you are referring to the recent meltdown in started only with financial services firms including banks. Economic meltdown is an unexpected but accelerated financial system failures resulting in drastic reduction in economic activity.


What type of service does NERA Economic Consulting provide?

NERA Economic Consulting provide economic and financial services to companies. They provide advice and help to complex issues and legal challenges that one might face.


What is the role of the financial services in the financial system?

Financial services will pay invoices and receive money. There will be accountants as well as legal representation in big companies in the financial services department.


Why financial transaction exclude in GDP?

Financial transactions are excluded from GDP calculations because they do not represent the production of new goods and services. GDP measures the value of economic output, focusing on the actual creation of products and services in the economy. Financial transactions, such as buying and selling stocks or bonds, merely transfer ownership and do not contribute to production. Including them would inflate GDP figures without reflecting real economic activity.


What is the economic term for the money that is received from the sale of goods and services?

The economic term for the money received from the sale of goods and services is "revenue." Revenue is a crucial metric for businesses as it represents the income generated from their primary activities. It is calculated by multiplying the price of goods or services by the quantity sold. Revenue is a key component in determining a company's profitability and overall financial health.

Related Questions

What has the author Carolyn Conner written?

Carolyn Conner has written: 'The Japanese financial services industry in the 1990s' -- subject(s): Financial services industry, Economic conditions


What does financial services do?

Financial services are provided by the finance industry to provide economic help to customers. They allow people to analyze their financial statements, save, invest, or take out loans.


What does social services do?

to help the society. to improve the economic conditions.


What are the major economic activities in new zealand?

financial services maybe


What is Economic meltdown and it relevance in banking industry?

If you are referring to the recent meltdown in started only with financial services firms including banks. Economic meltdown is an unexpected but accelerated financial system failures resulting in drastic reduction in economic activity.


What is provided by GE financial services?

GE financial services provide finance for people wishing to buy electrical goods. They will explain the terms and conditions of the loan and then lend the money to customers.


Roles of and changing roles of financial institutions?

Many financial institutions are offering more customized services to retain customers. Businesses can do this because technology makes customizing services easier now, than in the past.


What special services does Northern Trust offer?

Northern Trust is a financial services corporation that has divisions for both personal and corporate financial welfare. Their personal financial services include wealth management solutions, investment management, and trust and estate planning. Institutional services include economic outlook planning and asset management and servicing assistance.


What are Newfoundland's major economic activities?

Services account for more than half the GDP. The three main services are financial, health care, and public administration.


How does the financial services can affect you?

Financial services can significantly impact your life by influencing your ability to save, invest, and access credit. They provide tools for budgeting, managing debt, and planning for retirement, which can affect your financial stability and long-term goals. Additionally, the availability and quality of financial services can shape your economic opportunities, such as buying a home or funding education. Overall, these services play a crucial role in your financial health and overall quality of life.


What has the author Kurt Bayer written?

Kurt Bayer has written: 'Economic conditions and social services in Europe, 1970-1975' -- subject(s): Welfare state, Economic conditions, Social service


What has the author Theodore Kim written?

Theodore Kim has written: 'Central Asia and the Caspian' -- subject(s): Commercial policy, Economic conditions 'European capital markets' -- subject(s): Banks and banking, Bonds, Capital market, Economic integration, Financial services industry, Securities industry