What Is Special about Banks?
Lecture no. 6 from the course: Financial Literacy: Finding Your Way in the Financial Markets
Taught by Professor Connel Fullenkamp | 28 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Why does your bank offer free checking? How do banks make money? Discover the advantages banks have in lending to understand why they play such a dominant role in the markets. Learn how banks evolved from goldsmiths’ vaults, how our payment system operates on a clearing house model, and more.