Household members can place savings in term bank deposits and receive interest, transfer savings to the management of an investment fund and expect to receive part of the fund’s profit from investing these funds in corporate securities, make pension savings, and purchase various insurance products. Thus, financial institutions accumulate household savings and use them in a certain way to make a profit.
Remember: The process of learning a person lasts a lifetime. The value of the same knowledge for different people may be different, it is determined by their individual characteristics and needs. Therefore, knowledge is always needed at any age and position.