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trust accounts
savings accounts
automobile loans
certificates of deposit
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Which financial service is least likely to be offered by a credit union?
Trust Accounts
What did the union pacific use government money to make money from its own stock?
Credit mobilier
Why would a country not want to become a member of the european union?
A country may not want to join the European Union because they seek neutrality, are doing fine on their own, or are displeased with the European Union (opposed of the idea or members or just displeased with the outcome [most important example is economic meltdown of the European Union]). EU has many laws that has to be adopted by the member countries. Member countries also may have to help other member countries in financial crisis. However, despite these reasons, almost all countries in Europe wish to join the European Union, either soon or in the near future.
Why did the former soviet union use a command economic system instead of one based on price?
it had major shortages of many goods and services
What are the role of rural banks in economic development?
Role of FIsFinancial intermediaries perform an important role in the development process, particularly through their role in allocating resources to their most productive uses. More efficient financial markets help economic agents hedge, trade, pool risk, raising investment and economic growth. Financial institutions provide consumers and commercial clients with a wide range of services and different types of banking products. The importance of financial institutions to the wider economy is apparent during market booms and recessions. During economic upturns, financial institutions provide the financing that drives economic growth, and during recessions, banks curtail lending. This can exacerbate a country's financial problems and draw attention to the fact that economies are heavily reliant upon the financial sector.The importance of financial institutions and passed legislation made it easier for more people to obtain products and services from these entities. In many countries, banks are encouraged or even compelled to lend money to home buyers and small businesses. Readily available loans encourage consumer spending, and this spending leads to economic growth. There is now a clear realization that sustainable development will not and cannot be achieved by governments acting alone. In this context, the expertise of the private sector plays an important role.Role1- Motivating the Financial SectorIn general Financial Institutions will only use their resources for the benefit of their interest - i.e. help to generate profits, either directly or indirectly. The considerations are important because with the help of growth of institutions there is increase in the investment business in the country. With existence of more institutions there will be motivation in the financial sector to perform better and take steps for the strengthening of country. This will leads towards the prosperty in the country by eliminating the risk.2- Development & Introduction of Niche strategiesWith the development & introduction of FIs we can see the strategies for different sector especially for the niche sector of the country. The institutions develop & spread knowledge about financial products to assist the efficiency for the achievement of sustainable economic growth. In 2003 union bank introduce the 'RAAS Financing Scheme' for the small community of Gujranwala division engaged in surgical industry. For this approach to offer attractive opportunities for the financial help for growing & profitable market segment. SME bank introduced Express loan scheme for niche sector as well in 2004-05.3- Financing the Small Scale SectorCredit is the prime input for sustained growth of small scale sector and its availability is thus a matter of great importance. The provision of short term credit/working capital to small enterprises for its day to day requirement for purchasing raw material and other inputs like electricity, water, etc. and for payment of wages and salaries; and long term credit for creation of fixed assets like land, building, plant and machinery help the SME sector to perform better.4- Tailor made schemesWith the help of different institutions several tailor made schemes for the betterment of economic sector of the country are available at door steps. Introduction of country wide schemes cannot give expected growth. As discussed earlier RAAS Financing Scheme, Express loan, Green tractor scheme, Yellow Cap Scheme etc showed extensive results for the betterment of growth in the country.5- Development and Support ServicesWith the existence of different institutions development and support services in the form of loans and grants to different agencies working for the promotion and development of industries like associations, chambers are available. The main example of import of thermo bonded machines for the production of thermo bonded footballs is possible with the help of banks in Sialkot. Other support was observed in rural industrialization, human resource development, technology up-gradation and marketing & promotion in the country.6- Micro finance CreditWith the development of different institutions like KHUSHHALI Bank, First Microfinance Bank, Tameer Micro finance etc Micro Credit is available to the most poorest sector of country. This proactive step to facilitate growth of the micro finance sector in country is very commendable. It is envisaged to emerge as the apex community by providing a complete range of financial and non-financial services such as loan funds, grant support, equity and institution building support.7- Introduction of more InstitutionsBanking system and the Financial Institutions play very significant role in the economy. First and foremost is in the form of catering to the need of credit for all the sections of society. The modern economies in the world have developed primarily by making best use of the credit availability in their systems. An efficient banking system must cater to the needs of high end investors by making available high amounts of capital for big projects in the industrial, infrastructure and service sectors. At the same time, the medium and small ventures must also have credit available to them for new investment and expansion of the existing units. Rural sector in a country like Pakistan, India can grow only if cheaper credit is available to the farmers for their short and medium term needs. This expected potential help the investors for the introduction of more FIs in the country.8- Mopping up SavingsThe banks and the financial institutions also cater to another important need of the society i.e. mopping up small savings at reasonable rates with several options. The common man has the option to park his savings under a few alternatives, including the small savings schemes introduced by the government from time to time and in bank deposits in the form of savings accounts, recurring deposits and time deposits. Another option is to invest in the stocks or mutual funds.9- Availability of Financial services to households & individualsIndividuals have a major impact on the environment through their activities and consumption of goods and services, and in some cases their impact is proving more intractable than commercial impacts. Financial institutions can have a major impact on the activities of individuals by the provision of suitable financial arrangements - for instance, access to cheap mortgage finance is a prerequisite of widespread home ownership, and car ownership has been greatly increased by the availability of car loans and hire purchase. In the absence of suitable financing arrangements, products or goods may struggle to achieve sales, particularly if they have high capital costs.10- Capital mobilizationCapital mobilization is generally one of the most necessary conditions for development. The role played by FIs in the process of financial integration in developing countries is very vital. With the help of this channel benefit of integration materialized. With the help of capital mobilization capacity building, good governance & economic reforms can easily be achieved.11- Trade Facilitation ProgrammeThe Trade Facilitation Programme (TFP) aims to foster trade in the countries of operations, both intra‑regional and global. Through the programme, institutions provides guarantees to confirming banks, taking the political and commercial payment risk of international trade transactions undertaken by banks in the countries of operations. This pioneering programme remains a vital source of trade finance in many of countries of operations.12- Insurance and financial servicesThe institutions are supporting a broad range of financial services to help expand local capital markets and develop local financial infrastructure. In 2002-08 there was a strong focus on leasing transactions and investment with new commitments made to insurance companies; a pension funds etc I Pakistan. The Bank also participated in a number of structured finance transactions, encouraging the use of capital market products in the region. Growth in this sector will continue as demand for more varied financial services increases and as improved legislation provides the necessary infrastructure for financial sector development.13- Achievement of GrowthWell developed financial systems allow economies to reach their potential since they allow firms which have successfully identified profitable opportunities to exploit these opportunities as intermediaries by channelling investment funds from those in the economy who are willing to defer their consumption plans into the future. Achievement of growth in country becomes easy with introduction of financial institutions. Different stages of financial development require adequate institutional processes to be in place.14- Financial InnovationDevelopment of FIs helps in focusing on the improvements in technology and its impact on how financial products are delivered. Funds are transferred directly from ultimate savers to ultimate borrowers. With reduction of trust deficit financial innovation is possible on better grounds. We know the flow of short-term funds is facilitated by money markets & the flow of long-term funds is facilitated by capital markets. These activities also help in financial innovations.15- Managing Risk in Financial InstitutionsRisk factor is one of the most critical factors while dealing with finance. The facilitation of issuance of new securities e.g., the sale of new corporate stock or new Treasury securities or facilitation of trading of existing securities e.g., the sale of existing stock etc involve factor of risk. We are not confident either the securities traded in secondary markets are liquid or not. Focusing on risk management in the financial institution is very necessary.CONCLUSIONWe need a framework which enhances the ability to react quickly, effectively and more advisedly to prevent from adverse shocks that might impact the financial sector. The above discussion on the role of institutions will contribute to ensuring continued confidence and ultimately to improving the stability of the financial system. Well functioning financial markets, such as the bond market, stock market, and foreign exchange market, are key factors in producing high economic growth. The increased availability of financial instruments reduces transaction and information costs and helps to achieve economic growth.
What financial services are offered by Addison Avenue Federal Credit Union?
There are many financial services that are offered by Addison Avenue Federal Credit Union. These include investment services, as well as saving products.
Which financial services are offered by Arizona Federal Credit Union?
There are many services offered by Arizona Federal Credit Union. Some services offered are checking and savings accounts, loans and credit cards, and investments.
What financial services are offered by Keesler Federal Credit Union?
Keesler Federal Credit Union offers a range of financial services including checking and savings accounts, loans (such as auto, home, and personal loans), credit cards, investment services, insurance products, and online banking services. They also provide a mobile banking app for added convenience.
What services are offered at ISU Credit Union?
ISU Credit Union is an american non-profit financial organization offering free checking and internet banking as well as loans, credit cards and financial information tools.
What services does Clackamus Federal Credit Union offer?
There are many services offered by the Clackamus Federal Credit Union. Examples of services offered by the Clackamus Federal Credit Union include free checking and loans.
What are the main financial products offered by Denali Alaskan Federal Credit Union?
The main financial products offered by Denali Alaskan Federal Credit Union include life insurance, investment services and information seminars on life insurance and finance-related matters.
What services are offered by Alliant Credit Union?
There are several services which are offered by Alliant Credit Union. Alliant Credit Union's savings are federally ensured up to $250,000. Additionally, overdraft protection, wire transfers, and direct deposit are offered.
What services are offered at the JSC Federal Credit Union?
The JSC Federal Credit Union offers services such as Vehicle, Real Estate and Personal Loans, Online Banking and financial services such as Checking and Savings. You can learn more at the JSCFU Organization website.
Which financial services are offered by City Credit Union?
City Credit Union offers a range of financial services, including savings accounts, checking accounts, loans (such as auto loans, personal loans, and mortgages), credit cards, and online banking services. They also provide investment services, insurance options, and financial education resources to their members.
What services are offered by the NSW Teachers Credit Union?
Services offered by the NSW Teachers Credit Union are banking services for teachers. They have savings accounts, checking accounts, loans and insurance.
What services are offered by Vantage Credit Union?
There are a number of different services that are offered by Vantage Credit Union. Some of the many services provided are loans, credit cards, investments, mortgages, insurance and checking and saving accounts.
Which services are offered by Western Federal Credit Union?
Services are offered by the Western Federal Credit Union. You can get vehicle loans, home loans, and personal loans. They also can get credit cards and specialty loans.
