Question

explain the importance of banks​

Answer 1

Banks play a vital role in managing the economy and fiat of a country

Explanation:

• Banks are important as they provide finances to the business  
• They work very fast as compared to other institutions and provide efficient services
• Banks are necessary for the safe flow of the currency in the society
• They give loans and keep money safe
• All the advance countries in the world have best banking networks

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What is a bank? function of bank

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Answer 2

Banks are very essential for modern life. they play very important role in managing money and development.

Explanation:

Capital provided by banks plays an important role in controlling a nation's currency and money. Banking are essential in supplying the company with finances and loans.

Especially in comparison with other organizations they work really quickly to have appropriate service.

Banks are needed to secure monetary system circulation in societal structure.

They are giving loans, and keeping accounts safe.

Many of the world's developed economies have best financial infrastructure.

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