Banks

Banks are financial institutions that accept deposits, offer loans, and provide various financial services. They play a crucial role in the economy by facilitating transactions, helping people manage their money, and funding businesses. When you deposit money in a bank, it is kept safe and can earn interest over time. In return, banks lend some of that money to individuals or companies, charging interest. Banks also help with services like savings accounts, checking accounts, mortgages, and investment advice, making them essential for personal finance and economic growth.