Banks act as financial intermediaries because they stand between savers and borrowers. Savers place deposits with banks, and then receive interest payments and withdraw money. Borrowers receive loans from banks and repay the loans with interest. In turn, banks return money to savers in the form of withdrawals, which also include interest payments from banks to savers.

Banks also perform several roles amongst businesses and individuals. For this discussion, your task is to:

1. Identify the roles that banks play in your day-to-day life.
2. Explain how a change in banking policy may impact a life decision that you will one day, or maybe have in the past, come across. This can include, among other decisions, a major purchase, a decision regarding schooling, or a decision to start a business.