Unlock the secrets of Financial Institutions and their critical role in driving economic development. In this video, we explore the different types of financial institutions, including Banking Financial Institutions like commercial banks, central banks, and merchant banks, as well as Non-Banking Financial Institutions such as insurance companies and building societies. Learn about the functions of commercial banks, from accepting deposits to money creation through loans and overdrafts. Discover how these institutions facilitate the flow of funds, influence the money supply, and contribute to the financial stability of a nation.

Keywords: Financial Institutions, Commercial Banks, Non-Banking Financial Institutions, Money Creation, Credit Creation, Economic Development, Banking System, Central Bank, Merchant Banks, Financial Stability

Tags: #FinancialInstitutions, #CommercialBanks, #BankingSystem, #EconomicDevelopment, #MoneyCreation, #CreditCreation, #CentralBank, #BankingIndustry, #NonBankingInstitutions, #FinancialStability, #examhood