On July 7/28/15 we went with our economic class to visit a local Wells Fargo branch. A man named Elton gave us a long and detetiales about the bank which helps us alot to open an account in this bank. A bank is a finance intermedriy that creates credit by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet. Lending activities can be performed either directly or indirectly through capital market. Due to their importance in the financel system and influnce national economies, banks are highly regulation in most countries. The economic function bank include; issue money, netting and settlement of payments, credit interrelation, credit quality improvement, assets liability mismatch/ maturity transformation, and money creation. Credit is the trust which allows one party to provide money or resource to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods and services (e.g. consumer credit). There are many types of credit, including but not limited to bank credit, commerce, consumer credit, investment credit, international credit, public credit and real estate. I will use credit because Good credit plays an important role in your financial life. Not only is it essential for obvious things like qualifying for a loan or getting a credit card, but also for less obvious things like getting cellular telephone service, renting a car, and perhaps even getting a job