answersLogoWhite

0


Best Answer

Financial institutions have affected households and businesses by determining who is eligible for a loan. For example, if someone is not approved for a loan, they would be unable to buy a home or a car.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How financial institutions affect households and business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do financial institutions affect households and businesses?

Financial institutions with their strict time parameters limit when routing transactions can occur which promotes bank by mail and internet banking. In addition, the fees being charged by some institutions have forced many to find alternate financial services.


What are the contemporary issues affecting financial institutions?

Many contemporary issues affect financial institutions. For a more accurate listing, please refer to the related link.


How is an economist valuable to your business?

A good economist will be able to tell you trends of households, how business trends will affect you, and ultimately make it easier for you to make decisions regarding your business.


Describe the legal and financial aspects that will affect the start up of a business?

julies


How does diversification affect financial institions credit risk exposure?

Generally, diversification helps reduce the overall credit risk exposure for financial institutions by reducing their overall expected chargeoff rates.


How can a change in interest rates affect the profitability of financial institutions?

A change in interest rates affects the cost of acquiring funds for financial institution as well as changes the income on assets such as loans, both of which affect profits. In addition, changes in interest rates affect the price of assets such as stock and bonds that the financial institution owns which can lead to profits or losses.


What does it mean to analyze and interpret financial information?

When an accountant or a manager analyzes financial reports they are doing so to make sure the business is working towards their goals. Flaws in their interpretation will ultimately affect whether the business is profitable.


How does GAAP affect financial reporting?

How does GAAP affect financial reporting?


How does marriage affect financial aid?

marriage wont affect financial aid


How might changing one of the financial statements affect the other financial statements?

How might changing one of the financial statements affect the other financial statements?


How does being on academic suspension affect financial aid?

academic suspension how does it affect financial aid


Who does the bailout affect the most?

Positive Effect - On Banks & Financial institutions who are stuck with loads of bad debt Negative Effect - On the US Treasury and Federal Reserve because they are the ones who is spending this 700 billion