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2 cards from this section. Quick, good the night before a test.
What is the primary function of banks in a financial system?
Think about what banks do with your money.
Why do people save money in banks?
Consider why you would choose a bank over a piggy bank.
What is the primary role of banks in a country's financial system?
Think about what most people visit a bank for.
True or False: Banks only take money without giving anything in return.
Consider the relationship between customers and banks.
How would the economy be affected if all banks suddenly went bankrupt?
Consider the interconnectedness of savings and credit.
Analyze how the role of banks in mobilizing savings can influence economic inequality.
Reflect on who can save more and who benefits from bank loans.
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