Commercial banks link parties with excess funds to those with a deficit of funds. They also foster economic growth, underwrite securities, act as monitors and minimize instabilities, according to Franklin Allen and Elena... More »

Commercial banks are important because they lend money to people, accept deposits, process checks and payments, and offer secure havens for treasured items, according to Investopedia. Commercial banks also attract large ... More »

The history of commercial banking extends to ancient times when money was stored in and lent by religious temples in Babylon, Egypt, Greece and Rome. Modern-day banks, run by private corporations rather than governments,... More »

A government budget deficit can affect the economy in many ways, most notably it may force the government to print more money to finance the deficit, decreasing the value of the nation's currency. However, running defici... More »

Advantages of a traditional economy include knowing people's role in the economy and producing goods to help people survive; disadvantages include a lower standard of living and an increased vulnerability of all concerne... More »

While economics itself is often considered a social science, many of the social sciences, including anthropology, sociology, political science and history, all relate to economics and how the economy plays a role in huma... More »

While Ronald Reagan was president of the United States, the federal deficit increased from 2.6 percent to 6 percent and then, by 1988, fell to 3.1 percent. Because of this, he is often credited with reducing the deficit. More »