Rolls that banks play in my day to day life are having my paychecks deposited into my account, transfering money between accounts, having money put into CDs, and withdrawing cash from my account. As well as using a safety deposit box. A change on intrest rates on loans may impact the purchase of a house if I would have to take out a loan from the bank?

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Yes your understanding is correct Banks play various crucial roles in your daytoday financial activi... View the full answer