Definition: Banks are institutions that take deposits, cash checks, and make loans. They're essentially home bases for keeping your money safe and for making transactions.
Key Takeaway: Having a bank account can make it easier to manage your money.
Challenge: Get your banks app to easily check your account, transfer money, etc.
Fun Fact: At the Credito Emiliano bank in Italy, you can take out a loan using Parmesan cheese as collateral.
Watch the video below for another look at this concept.
Why Should We Use A Bank? (Ash Cash)