Though you might be thinking that it might just be easier to stuff your money under the mattress, you also want your money to be safe and grow. As you have learned, financial institutions play an important role in your life, the financial system, and the economy. As a key component of the financial system, banks turn savers' money into loans that help keep the economy going. They also provide specialized financial services, which help you manage your finances more effectively and conveniently.
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