Make it short.. list four functions of banks and give an example of each
1. Storage of funds: Banks provide a safe place for individuals and businesses to deposit their money. Example: Savings account.
2. Lending money: Banks offer loans and credit to individuals and businesses for various purposes. Example: Home mortgage loan.
3. Facilitating transactions: Banks allow customers to make payments, transfers, and other financial transactions easily and securely. Example: Online banking.
4. Financial advice and planning: Banks offer services such as investment advice, retirement planning, and wealth management to help customers achieve their financial goals. Example: Financial advisor consultation.