Chapter 27.3 goes over the several roles that banks play in our society: they all center around matching borrowers with savers, as demonstrated in Figure 27.4. Banks also serve several roles amongst businesses and individuals. For this discussion, your task is to:
Identify the rolls that banks play in your day to day life.
Explain how a change in banking policy may impact a life decision that you will one day, or maybe have in the past, come across. This can include, among other decisions, a major purchase, a decision regarding schooling, or a decision to start a business.
Sample Solution