user: What is a bank?

assistant: A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.

Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords.

user: When was the New York City song released?

assistant: The New York City was released on October 21, 2014.

user: What is the Altair based on the paragraph?

assistant: The Altair as mentioned in the paragraph was a microcomputer developed by Micro Instrumentation and Telemetry Systems's (MITS). Its official name was the "Altair 8800 microcomputer". Altair BASIC was an interpreter that Bill Gates developed and demonstrated to MITS in March 1975 in Albuquerque, New Mexico. Paul Allen also worked on a simulator for the Altair.