Question

defination on importance of bank

Answer 1

bank is a safe place where we conserve our money and bank give own intrest of money

Answer 2

hey mate,

here is your answer.

Commercial banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner. They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities. These financial services help to make the overall economy more efficient.

hope this helps you.

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