how do Bank are and how the bank help the nation
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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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Explanation:
banks collects the savings of the individuals and lead them to business-people and manufactures.
banks loans facilitate commerce.
etc...
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