A bank is a financial institution that serves as a financial intermediary. The term “bank” may refer to one of several related types of entities including a central bank, a commercial bank, or a savings bank.
Because of the important role depository institutions play in the financial system, the banking industry is generally regulated with government restrictions on financial activities by banks varied over time and by location. The videos in this online video tutorial by Khan Academy will provide you with an overview of how banks work and how money is created.[yendifplayer playlist=479]
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