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This is a place we society puts its money (liquid assists). The bank, in-order to stay in business, will in return loan out your money in other forms (such as loans, bonds). The bank however, has to fallow a set of rules dictated from the Federal Reserve, the most important is that all banks (in America) must meet the reserve requirement that is roughly 10%. Anything over the reserve requirement is called 'Excess Reserve' in which the bank will wither save in the volt or find appropriate way to earn more interest.

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βˆ™ 11y ago
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βˆ™ 15y ago

financial institutions that conduct current accounts for customers and enable customers to pay and be paid by third parties

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βˆ™ 12y ago

a bank.

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Q: What is banking sector?
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