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About Banking

The system of financial institutions provides a range of services such as savings accounts, loans, and investment opportunities. Banks act as intermediaries, helping people and businesses manage money, while also offering credit and facilitating payments. They offer products like checking accounts, mortgages, and business loans, crucial for both personal and corporate finance. Banks earn revenue through interest on loans and fees for services. Central banks regulate the financial system and influence monetary policies. This system plays a vital role in the economy by promoting economic stability and growth.