The financial sector refers to the part of the economy that provides financial services to individuals, businesses, and governments. This includes institutions like banks, insurance companies, and investment firms that facilitate transactions, manage assets, and offer loans. The sector plays a crucial role in the economy by enabling the flow of money and providing access to capital. Within the financial sector, various services are offered, such as savings accounts, mortgages, and investment advice. Regulatory bodies, like the Securities and Exchange Commission (SEC), oversee these institutions to ensure stability and protect consumers. Overall, the financial sector is essential for economic growth and stability.