Social Sciences, asked by sahili96, 3 months ago

Explain with examples the Role of Banks in the economic development of the country.

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Answered by Anonymous

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Explanation:

The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.

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