Money and Banking

Money and banking are fundamental to how economies function. Money acts as a medium of exchange, a unit of account, and a store of value, making trade easier. Banks serve as financial institutions that accept deposits, provide loans, and facilitate payments. They help allocate resources efficiently by connecting savers with borrowers, supporting businesses and consumers. Banks also create a system of trust and stability, ensuring that money remains valuable and accessible. Overall, money and banking enable economic activity, investments, and growth by providing the necessary infrastructure for financial transactions.