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In developed nations, an elaborate framework of financial marketplaces and institutions exists to provide the requires of such areas jointly and independently.

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Finance is the process of channeling these money in the form of credit history, financial top article loans, or invested funds to Those people economic entities that most require them or can set them towards the most productive use. The institutions that channel funds from savers to customers are called fiscal intermediaries. They include business banks, financial savings banks, discounts and bank loan associations, and these nonbank institutions as credit history unions, insurance plan businesses, pension money, financial commitment organizations, and finance corporations.

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