What is a common feature of financial institutions?

Financial institutions play a crucial role in the economy by acting as intermediaries between savers and borrowers. One of their primary functions is to provide a wide array of financial services, which includes offering loans to individuals and businesses, providing savings and checking accounts for personal finance management, and facilitating investment opportunities for clients. This range of services is designed to meet the diverse needs of consumers and businesses, making financial institutions integral to the functioning of the financial system.

By offering various products such as mortgages, personal loans, savings accounts, and investment accounts, these institutions can accommodate different financial situations and goals. This comprehensive service model not only helps individuals manage their finances more effectively but also supports economic growth by providing necessary funding for businesses and projects.