Final answer:
Financial institutions assist companies in managing their finances to achieve their goals.
Step-by-step explanation:
Financial institutions assist companies in managing their finances to achieve their goals. An organization that assists companies in raising, managing, and spending their money in order to achieve their goals is a financial institution. Financial institutions offer a variety of accounts to facilitate money management, budgeting, and investing for wealth accumulation.
They also provide services such as credit and borrowing money, as well as guidance for important financial decisions like purchasing a home and planning for post-secondary education. Overall, financial institutions play a crucial role in helping businesses effectively handle their finances and work towards their objectives.