Question

how do Banking and Insurance facilitate trade and Commerce​

Answer 1

Answer:

I don't know the answer

Answer 2

Banking and Insurance helps in facilitating the trade and commerce industry.

Explanation:

• Banking provides necessary funds to business and insurance covers the risk that is involved in the business.

• The Commerce industry includes trade and its a means of buying and selling services. But they are supported by the auxiliary forms of trade which include banking and insurances.

• Banking services enables traders in many ways. As bank branches can be spread over larger areas the traders can open accounts and take the advantage of services such as loans, money transfers, and drafts.  

• Insurance means risks associated with the business such as goods to be destroyed by the fire, theift, or damage in transport.

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• brainly.in/question/12503309 answered by sarthak5946.