Banks play a crucial role in facilitating the exchange of goods and services by providing a safe and efficient means of transferring funds between buyers and sellers.

Investment banks are not depository institutions and do not accept deposits from the public. They primarily engage in activities such as underwriting securities, mergers and acquisitions, and providing financial advice.

Central banks are responsible for regulating the money supply, which involves controlling the amount of money in circulation and managing interest rates.

Demand deposits, such as checking accounts, can be withdrawn at any time without penalty, while time deposits, such as savings accounts and certificates of deposit, have a fixed maturity date and may impose penalties for early withdrawal.

Credit unions are not-for-profit financial cooperatives that provide financial services to their members, who typically share a common bond such as employment, membership in a particular organization, or residence in a specific geographic area.

Financial institutions play a crucial role in economic development by providing financial resources to businesses and entrepreneurs, facilitating the flow of funds between savers and borrowers, and promoting financial inclusion and access to financial services.

Banks are regulated by the government, can accept deposits from the public, and can make loans. Non-bank financial institutions, such as credit unions, investment banks, and insurance companies, may not be subject to the same regulations and may not offer the same range of services as banks.

Financial regulators are responsible for ensuring the safety and soundness of the financial system, protecting consumers from financial fraud and abuse, and promoting fair competition and preventing monopolies.

A loan is a one-time borrowing of a specific amount of money that must be repaid over a fixed period of time, while a credit card is a revolving line of credit that allows the borrower to make purchases up to a certain limit and repay the balance over time.

A mortgage is a loan secured by real estate, typically used to finance the purchase of a home.

A stock represents ownership in a company and pays dividends, while a bond is a loan to a company and pays interest. Stocks are generally considered to be more risky than bonds, as the value of a stock can fluctuate significantly, while the value of a bond is typically more stable.

A mutual fund is a professionally managed investment fund that pools money from many investors and invests it in a diversified portfolio of stocks, bonds, and other assets.

A bull market is a period of rising stock prices, characterized by high investor confidence and typically accompanied by economic growth. A bear market is a period of falling stock prices, characterized by low investor confidence and typically accompanied by economic recession.

Financial advisors provide individuals and businesses with financial advice and guidance, manage investment portfolios for clients, and help clients plan for retirement.

A financial plan is a long-term plan for achieving financial goals, such as retirement, buying a home, or paying for a child's education. A budget is a short-term plan for managing income and expenses. Financial plans are typically created by financial advisors, while budgets can be created by anyone. Financial plans are more detailed than budgets and typically include projections for future income and expenses.