expalin the importance of bank
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They acts as a mediator between Depositors and Borrowers
They receive money from those who have surplus and they provide money to those requires it
This resulting in improvement in country's economy
It also safety for those who have surplus and deposited in bank
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Explanation:
Banks play an important role in the economy for offering a service for people wishing to save. Banks also play an important role in offering finance to businesses who wish to invest and expand. These loans and business investment are important for enabling economic growth.
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