How do banks work?
An example of an AI chatbot conversation about how banks operate and their functions.
Can you explain how banks work?
Sure! Banks are financial institutions that accept deposits, provide loans, and offer various financial services.
What do banks do with the money I deposit?
Banks use your deposits to provide loans to other customers, which helps them earn interest and maintain liquidity.
How do banks make money?
Banks primarily make money through the interest on loans, fees for services, and investments.
Are there different types of banks?
Yes, there are several types of banks, including commercial banks, investment banks, and credit unions.
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