Question

bank is the life blood of an economy.give reason

Answer 1

all the money matters of a country are handled by the bank and the bank has direct contacts with the government
it works as connecting medium for the whole country like blood does in our body
all economic activities are directly or indirectly depend upon banks
the government takes most of the money required for implementation of of any scheme from the banks and in return pay them the interest



hence banks are like blood in economy



hope it helps