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How do banks help us?

Updated: 9/15/2023
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15y ago

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Now that bank deposits are insured, up to a point, banks and similar institutions such as Savings and Loan Associations and Credit Unions, provide a safe place to keep your money, other than under your mattress. When they work properly, banks also provide a source of capitol for loans to enterprises that are able to pay them back over time.

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