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Assessment Task (Business Finance)
Assessment Task (Business Finance)
How do you think financial institutions helps businesses on its day-to-day operations?
Managing funds is a critical component of today's business, which means you'll have the
opportunity to work for a solid and fulfilling career in the financial management
profession. Financial planning aids in determining what to spend, when to spend it, how
to spend it, and how much to spend based on available cash. Small enterprises and
entrepreneurship are on the rise in today's commercial sector, which implies more roles
for financial managers will become accessible. A good firm cannot survive without an
eligible individual in charge of managing the inflow and outflow of funds.
1.Food Services
2.Cleaning Services
3.Healthcare Products
The financial institutions would be the central bank, which is required to facilitate more
money and business transactions.
By managing the amount of money in circulation, central banks have an impact on
economic growth. To achieve this purpose, they have three monetary policy tools at their
disposal. They began by establishing a reserve requirement. It's the amount of cash that
member banks are required to have on hand each night.