Question

Explain the importance of bank​

Answer 1

Explanation:

• Banks mobilize the savings of the public and make these available for investors thereby helping the process of capital formation.
• They offer higher rates of interest on fixed deposits
• They give loans to the borrower's at lower rates of interest
• They also discount the boiler of exchange
• They invest find on securities of the government
• They issue demand drafts, credit card, debit cards.

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