The important role of commercial banks in a modern economy and dynamic financial system
This essay assignment should focus on the important role of commercial banks in a modern economy and dynamic financial system. To do so, you will be required to conduct research on a local business that collaborates with a financial institution resulting in productive financial outcomes. In addition, you will look deeper into the common risks that exist for these financial institutions as a result of the collaboration.
Your essay should begin with an introduction, be well organized, and present a clear discussion of the topic. The steps for completing your assignment are listed below.
- Research a local business that collaborates with a financial institution in your area.
- Explain the details of the business (e.g., type, years in business, location).
- Explain how the business and the financial institution began to collaborate (e.g., loans, investments, marketing).
- Explain what risks exist among financial institutions when they choose to collaborate with a local business.
- Create a graphic, chart, or image that illustrates the collaboration between the local business and the financial institution. This will be added in as an appendix item at the end of the essay.
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