Banks play a very important role in the economy. The health of the economy is somewhat related to the soundness of the banking system. Banks may not create new wealth, but they provide borrowing, lending and related activities to help with economic production, distribution, exchange and consumption of wealth.
Banks are one of the safest places to store your wealth. There are many benefits in using a bank. Besides the variety of money savings tools they offer, they can also guarantee your money will be safe and secure.
In this webquest, you will be able to identify some advantages of using a bank as well as differences between banks and credit unions.
Read on to find out more.