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Banks provide important services like checking and savings accounts, loans, credit cards, and investments. They make money by charging fees and paying lower interest rates to savers than they receive from borrowers. Without banks, the global economy could not function or grow as industries and investors require funding. Banks come in various types but most prominent are commercial banks, investment banks, and central banks which regulate the financial system. The banking industry has evolved over centuries

Author

Karima Mammeri

Language

EN