Economy, asked by subhashsubhash7204, 3 months ago

Banks play an important role in the modern economy.how?

Answers

Answered by Radhu3858

2

Answer:

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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