What Is the Financial Sector?
The financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers. This sector comprises a broad range of industries including banks, investment companies, insurance companies, and real estate firms. A large portion of this sector generates revenue from mortgages and loans, which gain value as interest rates drop.The health of the economy depends, in large part, to the strength of its financial sector. The stronger it is, the healthier the economy. A weak financial sector typically means the economy is weakening. [More Info]