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Provide a summary of the importance of financial companies, using the following issues: 1- The difference...

Provide a summary of the importance of financial companies, using the following issues:

1- The difference between financial and non-financial companies
2- The difference between banks and insurance companies (in terms of accounting and financing)
3- What do financial companies offer to the Palestinian economy?
4- By taking a sample, what is the composition of ownership in the banks and the insurance companies in Palestine?

Word Limit;

Upper word limit: 1,300 words for a whole assignment

Lower word limit: 800 words for a whole assignment

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Answer #1

Answering question first as HOMEWORKLIB's guidelines:

1.Difference between financial and non financial companies:

A financial company is one which is engaged in lending and borrowing of fund and even raising of fund for non-financial company.Financial company includes Banking company.

Non financial company is engaged in a business other than what a financial company does such as healthcare,technology,industrial sector related companies.

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