Economic Institutions

An economic institution is a company or organization that deals with money. This institution can also manage the handling of money, goods, and services in an economy. A bank is one example of an economic institution. The IRS, or Internal Revenue Service, is another economic institution. The IRS collects tax money from people in the U.S. The U.S. Federal Reserve is yet another example of an economic institution. The Federal Reserve is responsible for producing money.

Bankers, accountants, loan officers, financial advisors, analysts, and investment advisors are examples of jobs found in economic institutions.

This is the New York Stock Exchange. It is one of the largest financial institutes that trades stocks of companies for money.