General Article What do banks do?

Topic Selected: Money Matters Book Volume: 391
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What sets high street banks apart from other businesses is the way they work with money.

High-street banks are not that different from any other business.  What sets them apart is that they work with money: looking after it, lending it, and helping you pay for things with it.

Banks look after your money

Keeping small amounts of money in your pocket to pay for things makes sense. But holding larger amounts is risky as there is a chance your money could get lost or stolen.

Banks make sure your...

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