Social Sciences, asked by satwik108, 1 year ago

banking is Life blood of an econmy.give reason

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Answered by harsh05572

2

THE IMPORTANCE OF THE BANKING SYSTEM. The banking sector was always deemed to be one of the most vital sectors for the economy to be able to function. Its importance as the “lifeblood” of economic activity, in collecting deposits and providing credits to states and people, households and businesses is undisputable.

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