The Role of Banks in the USA

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Banks in the United States play a crucial role in the economy by providing essential financial services that facilitate personal and commercial transactions. They accept deposits, offer loans, and provide a secure means for individuals and businesses to manage their money. There are various types of banks, including commercial banks, savings and loans, and credit unions, each serving specific customer needs.

Commercial banks are the most common, offering services such as checking and savings ac

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CandiceHughes - 9/28/24
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