Bank.....the financial system

Bank is the financial system and the national economy . Banks are highly regulated in most countries . Most countries have instituted a system known as fractional reserve banking , in which banks hold only a small reserve of funds deposited and lend the remainder to profit

Banks acting as paying agent by checking or current accounts for customers , paying checks drawn by customers on the bank , and collecting checks deposited to customers' current accounts . Banks also enable customer payments via other payment methods such as Automated Clearing House , Wire transfer or telegraphic transfer , and automated teller machines 

Banks borrow money by accepting funds deposited on current accounts , by accepting term deposits, and by issuing debt securities such as bonds and bills . Banks lend money by making advances to customers' current accounts , by making installment loans , and by investing in debt securities and other forms of money lending .
Banks provide different payment services , and a bank account is considered indispensable by most businesses and individuals .