Question

Banks play in important role in the economic development of the country support the statement statement with example

Answer 1

Answer:

Banks Play An Important Role In Economic Development Of A Country Because:

lt gives loan to people.: As a result more people will get funding in order to achieve their goals which ultimately is a benifit to country . Education Loan is an excellent example for such. Using education loan people from economically backward societies can get opportunities to higher education at better places and their education is a great development for a country.

Answer 2

Explanation:

THE banks play an important role in the economy of the country: ... To save their money, people deposit their money with banks. Banks give interest on the money deposited by the people. Thus, they add to the income of the family.