The Finance Game
THE DEPARTMENT OF LABOR
The Finance and Insurance sector comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities are identified:
- Raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities. Establishments engaged in this activity use raised funds to acquire financial assets by making loans and/or purchasing securities. Putting themselves at risk, they channel funds from lenders to borrowers and transform or repackage the funds with respect to maturity, scale, and risk. This activity is known as financial intermediation.
- Pooling of risk by underwriting insurance and annuities. Establishments engaged in this activity collect fees, insurance premiums, or annuity considerations; build up reserves; invest those reserves; and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment.
- Providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs.
In addition, monetary authorities charged with monetary control are included in this sector.
Community On Demand Digital Media Network
NEXT Steps Online Training Academy
NEXT Steps Small Business Incubator
Digital Badge & Skillcoin Rewards System™
The Pop Shop E-Commerce Marketplace
STEM Direct Youth Staffing Services
DIGITAL BADGE COLLECTION
The Finance digital badge collection verifies proven competencies in basic planning, services for financial and investment planning, banking, insurance, and business financial management for youth entrepreneurial startups.
Click to explore the STEAM skills of each digital badge
Community On Demand
Completion of each digital badge collection and its service goals may lead to industry-based certifications
Are You Ready To Play?
The NEXT Steps Youth Entrepreneur Program is an award-winning intermediary workforce development program that specializes in creating community engagement strategies for STEAM education initiatives.