Question

Analyse the role of Banks for development.​

Answer 1

Answer:

Explanation:

The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.

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Answer 2

Answer:

Bank is used for the protection of money and even if helps us in taking loans