Banks: What 'Monopoly' fans don't know about them

What do you think of when you hear the word "Bank?" A basketball bank shot by Michael Jordan? The Bank station on the London Underground where the announcer calls out “Mind the Gap,” or a game of Monopoly? Okay, you probably think of the place where you keep your money. But could you really say what banks do? Banks are central to the economy and to politics. You can’t understand any important political debate unless you know what banks do and how they fit into the overall economy. On A Dictionary of Finance, Allar and Matt talk to experts about what banks are and what they do--in a simple way that’s easy to understand.

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