Question 3: As financial institutions are important in the development of country. Financial institutions serve most people in some way, as financial operations are a critical part of any economy, with individuals and companies relying on financial institutions for transactions and investing. Governments consider it imperative to oversee and regulate banks and financial institutions because they do play such an integral part of the economy. As a student of financial management can you write five points regarding role and responsibilities of financial institutions carrying day today in Sultanate of Oman. Can you quote any one financial institution and how day to day activities functioning.

(write up to 200 words pls)