Banking

Banking is a sector in the financial industry which derives from all the different subfields, especially public finance, corporate finance, and personal finance. These services include Deposits which allows individuals and businesses to send money into various types of accounts, such as savings accounts, checking accounts, and certificates of deposit. Deposits are typically insured up to a certain amount by government agencies to protect the depositors.

Banks provide loans and credit to customers, allowing them to borrow money for various purposes, such as buying a home/mortgages, financing education which is basically student loans or starting or expanding a business. Banks offer payment services, including checks, debit and credit cards, and electronic fund transfers, which enable customers to make transactions and pay bills. Many banks have investment divisions that offer services like wealth management, investment advisory, and brokerage services to help customers manage and grow their wealth. 

Banks play a significant role in foreign exchange markets, facilitating international trade and currency exchange for businesses and individuals so those who travel to other countries don’t lose money. Banks often offer financial advice and planning services to help customers manage their finances, save for the future, and invest wisely in hopes of marketing to other customers. Banks are regulated by government authorities to ensure their stability and protect customers' interests. Those who manufacture products and buyers are contributing to the overall functioning of the economy. The specific services and products offered by banks can vary, but they are a cornerstone of the modern financial system.