4. Banking is a business. Commercial banks provide their depositors with safekeeping of money, check-clearing services on
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4. Banking is a business. Commercial banks provide their depositors with safekeeping of money, check-clearing services on demand deposits, and interest payments on time deposits. Banks derive most of their income from the extension of loans and investments in interest-earning securities.
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Related Book For 
Macroeconomics Private And Public Choice
ISBN: 9780123110701
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
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