How Do You Spell BANKS?

Pronunciation: [bˈaŋks] (IPA)

The word "banks" is spelled with the letter "b," followed by the vowel "a," which has the phonetic transcription /æ/. Then, it is followed by the consonant "n," followed by the vowel "k," phonetically represented as /k/, and lastly, the consonant "s." The word can be pronounced with the two syllables /bæŋks/. The spelling of the word "banks" does not follow typical English spelling rules since the letter "a" is pronounced differently than expected in the word.

BANKS Meaning and Definition

  1. Banks are financial institutions that play a vital role in the economy by facilitating the flow of money in the form of deposits, loans, and various financial services. They serve as intermediaries between individuals, businesses, and governments to manage the financial transactions in a safe and efficient manner.

    Banks offer a wide range of services, including accepting deposits from customers such as individuals and businesses. These deposits can be in the form of savings accounts, checking accounts, or time deposits like certificates of deposit (CDs). Banks use these deposits to fund their lending activities.

    Lending is another critical function of banks. They provide loans to individuals and businesses for various purposes, such as purchasing a home or a car, expanding a business, or investing in infrastructure projects. Banks earn interest on these loans, which helps generate revenue.

    In addition to deposits and lending, banks provide various financial services. They offer payment services, such as issuing debit and credit cards, facilitating electronic fund transfers, and enabling online and mobile banking. Banks also provide investment and wealth management services, including offering investment products like mutual funds and helping customers with retirement planning.

    Furthermore, banks play a significant role in the creation of money through the fractional reserve banking system. They are required to hold a fraction of their deposits as reserves while lending out the remainder. This process enables banks to create credit and increase the money supply in the economy, thereby stimulating economic growth.

    Overall, banks serve as integral pillars of the financial system, promoting economic stability and growth by facilitating financial transactions, providing credit, and offering a range of financial services to individuals, businesses, and governments.

Top Common Misspellings for BANKS *

* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.

Other Common Misspellings for BANKS

Etymology of BANKS

The word "banks" has multiple etymological origins depending on its specific context. Here are some common origins for this word:

1. As a noun referring to the financial institutions: The word "bank" comes from the Middle English word "banke", which itself was derived from the Old Italian word "banca", meaning a bench or counter. This is likely because in medieval Europe, moneylenders and money changers conducted their business on benches or counters.

2. As a noun referring to the natural landscape feature: The word "bank" as a sloping raised land alongside rivers or water bodies comes from the Old Norse word "bakki", meaning "river bank" or "hillside". This term was borrowed into Old English as "banc" and eventually evolved into the word "bank".

Similar spelling words for BANKS

Conjugate verb Banks

CONDITIONAL

I would bank
we would bank
you would bank
he/she/it would bank
they would bank

FUTURE

I will bank
we will bank
you will bank
he/she/it will bank
they will bank

FUTURE PERFECT

I will have banked
we will have banked
you will have banked
he/she/it will have banked
they will have banked

PAST

I banked
we banked
you banked
he/she/it banked
they banked

PAST PERFECT

I had banked
we had banked
you had banked
he/she/it had banked
they had banked

PRESENT

I bank
we bank
you bank
he/she/it banks
they bank

PRESENT PERFECT

I have banked
we have banked
you have banked
he/she/it has banked
they have banked
I am banking
we are banking
you are banking
he/she/it is banking
they are banking
I was banking
we were banking
you were banking
he/she/it was banking
they were banking
I will be banking
we will be banking
you will be banking
he/she/it will be banking
they will be banking
I have been banking
we have been banking
you have been banking
he/she/it has been banking
they have been banking
I had been banking
we had been banking
you had been banking
he/she/it had been banking
they had been banking
I will have been banking
we will have been banking
you will have been banking
he/she/it will have been banking
they will have been banking
I would have banked
we would have banked
you would have banked
he/she/it would have banked
they would have banked
I would be banking
we would be banking
you would be banking
he/she/it would be banking
they would be banking
I would have been banking
we would have been banking
you would have been banking
he/she/it would have been banking
they would have been banking

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