1. Money is defined as anything that serves as a medium of exchange, a store of value, and a unit of account.
2. Commercial banks play an important role in the economy by accepting deposits from customers and providing loans, and by facilitating transactions through payment systems.
3. Central banks regulate the banking system and money supply in their respective national economies.
1. Money is defined as anything that serves as a medium of exchange, a store of value, and a unit of account.
2. Commercial banks play an important role in the economy by accepting deposits from customers and providing loans, and by facilitating transactions through payment systems.
3. Central banks regulate the banking system and money supply in their respective national economies.
1. Money is defined as anything that serves as a medium of exchange, a store of value, and a unit of account.
2. Commercial banks play an important role in the economy by accepting deposits from customers and providing loans, and by facilitating transactions through payment systems.
3. Central banks regulate the banking system and money supply in their respective national economies.
1. Money is defined as anything that serves as a medium of exchange, a store of value, and a unit of account.
2. Commercial banks play an important role in the economy by accepting deposits from customers and providing loans, and by facilitating transactions through payment systems.
3. Central banks regulate the banking system and money supply in their respective national economies.