Ever wondered how banks actually work?
Watch the SVB Situation:
Get the app:

00:00 – Intro
00:49 – History Of Banking
05:16 – The Gold Standard
08:10 – Fractional Reserve Banking
11:58 – Types Of Banks

–
Get Rich Playlist:

Take Action Playlist:

All Sunday Motivational Videos:

Book Club:
–
Social Media:

—
Alux.com is the largest community of luxury & fine living enthusiasts in the world. We are the #1 online resource for ranking the most expensive things in the world and frequently referenced in publications such as Forbes, USAToday, Wikipedia and many more, as the GO-TO destination for luxury content!

Our website: is the largest social network for people who are passionate about LUXURY! Join today!

SUBSCRIBE so you never miss another video:
—
To see how rich is your favorite celebrity go to:
—
For businesses inquiries we’re available at:
…(read more)

LEARN MORE ABOUT: Bank Failures

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

Banks play a crucial role in our modern economy, providing essential financial services to individuals, businesses, and governments. From managing deposits and loans to facilitating investments and transactions, banks are at the center of our global financial system. But how do banks actually work?

At its core, a bank is a financial institution that accepts deposits from individuals and businesses and lends money to borrowers. This basic function allows banks to take in funds from savers and investors and then lend them out to those in need of capital, whether it’s for buying a home, starting a business, or funding a major project. Banks make money by charging higher interest rates on the loans they issue than they pay out on the deposits they receive.

In addition to lending, banks also offer a wide range of financial products and services, including checking and savings accounts, credit cards, mortgages, and investment vehicles. They also provide online and mobile banking platforms, making it easier for customers to access and manage their finances.

Banks also play a critical role in the global economy by facilitating payments and transactions. Through their network of branches, ATMs, and digital platforms, banks allow individuals and businesses to transfer money, make purchases, and conduct international trade. They also provide services such as foreign exchange, wire transfers, and letters of credit to support cross-border commerce.

To ensure the stability and soundness of the banking system, governments and regulatory agencies around the world oversee and supervise banks. These oversight bodies set rules and regulations for banks to follow, in areas such as capital reserve requirements, lending standards, and consumer protection. This oversight helps to maintain the safety and integrity of the financial system and protect customers and investors.

In recent years, technology has had a significant impact on how banks operate. Online and mobile banking have transformed the way customers interact with their banks, providing convenient access to account information, transactions, and financial services. Additionally, financial technology (fintech) companies have emerged, offering innovative solutions for payments, lending, and investing, challenging traditional banks and pushing them to adapt and evolve.

Overall, banks are an integral part of our modern financial system, providing essential services that fuel economic growth and development. From managing deposits and loans to facilitating payments and investments, banks work to meet the diverse needs of individuals, businesses, and governments while driving innovation and progress in the financial industry.