Question

Why might a business want to use a bank?

Answer 1

Answer:

1.) A business might want to use a bank in order to build up savings to buy or upgrade something in their place of business.

Ex: I want to buy new computers and printers for my employees.

2.) The Federal Reserve is the central banking system of the US.  The purpose of the Federal Reserve is to regulate banks, manage the country's money supply, and implement monetary policy.