Banks play two primary roles in the economy: They take in deposits from savers and lend them to borrowers, and they facilitate purchases of goods and services by allowing people to write checks against their deposits.

Question

Quizplus · Accepted Answer

This is true. Banks do take in deposits from savers and lend them to borrowers, and they also facilitate purchases of goods and services by allowing people to write checks against their deposits.

Banks Play Two Primary Roles in the Economy: They Take