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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Finance for Managers Module 1 Discussion 1

Finance for Managers Module 1 Discussion 1

Q For this first discussion, consider the role of financial intermediaries (banks, credit unions, insurance companies, broker/dealers, etc.) and their impact in/on your economic life. What role do these entities play in both your personal and business lives…and, to what level/degree do you follow the level of interest rates and market (market index such as the ‘DOW’) valuations…? This first weeks discussion is intended to offer plenty of ‘wiggle room’ for you to contemplate and comment on a vibrant market and your role and expectations in/within it.

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Financial intermediaries like unions of credit, dealers/brokers, banks, companies of insurance are essential in the society of todays. It is impossible virtually to operate in absence of them. Credit, charge card, cash, or checks are needed to survive in the age of technology. These financial intermediaries happen to be interlock in a way or other. For instance, a person owns a car and insurance is required to be paid or suspension of license would be caused ("Financial Intermediaries – Meaning, Functions And Importance", 2019).