Task:
In considering your role as a manager at On Your Mark, you prepare to discuss with your diverse staff the role of financial institutions. Answer the following questions to prepare for the weekly status meeting:
Problem 1: What role(s) do financial institutions play in the financial decision making of individuals? Use personal examples to explain.
Problem 2: How do financial institutions facilitate transactions between individuals, businesses, and governments?
Problem 3: Why are these roles necessary?
Problem 4: What role(s) do financial institutions play in financial matters for businesses?
Problem 5: Are the roles the same or different than for individuals? Explain.