answersLogoWhite

0

Banks in today's financial system take deposits from customers and lend that money out to borrowers. They also offer various financial services like loans, investments, and payment processing. Banks make money through interest on loans and fees for services. They are regulated by government agencies to ensure stability and protect customers' funds.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

Describe and explain modern banking system?

modern banking


What relats to money and banking?

Everything. Without our current financial system, world commerce would literally grind to a halt.


Relates to money and banking.?

Everything. Without our current financial system, world commerce would literally grind to a halt.


Explain what the Du Pont financial system reveals?

The system shows the various components affecting ROA, such as profit, non- current and current assets, and the most important figures appearing on the statement of income and the statement of financial position.


Explain the flow of current in ignition system?

explain the flow of current in ignition system


What industry does banking come under?

Banking falls under the financial industry. The Federal Reserve is the central banking system of the US. Each state has its own Department of Financial Institutions, which oversees the banking industry.


What do you mean by 'Financial System. Explain the various components of Financial system?

financial system means a system used to convert savings into productive investment.


Through its supervisory and regulatory banking functions the Federal Reserve System helps maintain a commercial banking system that is responsive to the nation's financial needs and objectives?

monetary policy


Through its supervisory and regulatory banking functions the Federal Reserve System helps maintain a commercial banking system that is responsive to the nation's financial needs and objectives.?

monetary policy


What is money an banking?

The primary course goal is for students to master the logic, intuition and operation of a financial system - money, financial markets.


Explain Components and Structure of Indian Financial System through Financial assets?

they eat curry


How does the financial system work?

The US financial system works according to some institution like the Central Bank. The Central bank lend money into existence to the banking institutions.