Money and Banking System

Money and banking are the twin engines that drive the global economy, enabling trade, investment, and financial stability. Money simplifies transactions by acting as a universal medium of exchange, while banks connect savers and borrowers, creating opportunities for growth and innovation. From the jingling of coins in ancient marketplaces to the tap of a card in modern digital payments, the evolution of money reflects human ingenuity.

Banks, on the other hand, are the architects of economic activity, providing loans, managing deposits, and facilitating seamless financial transactions. They act as lifelines for businesses, governments, and individuals alike. This section explores the fascinating interplay between money and banking, diving into their types, functions, and their transformative role in shaping modern economies. Whether you’re a curious learner or an aspiring economist, discover how these financial pillars keep the world moving forward.