Answer:
The main types of financial institutions are
- savings and loans
- banks
- stock firms
- credit unions
Explanation:
Financial institutions are institutions wherein their primary duties/responsibilities requires the handling and management of finances of customers who can be either individual,cooperate organizations,companies or even the Government. they also handle the buying, selling and investing of financial securities of customers like bonds and Treasury bills even stocks.
Financial advisors are a group of financial experts whose duties include advising their clients on how best to invest,manage and secure their funds for the present time and the future( usually retirement ). they are are a type of financial institution but work with financial institutions as well .
