Question

how does banking and insurance help trading​

Answer 1

Answer:

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Explanation:

Banks are helping in external trade also by issuing letter of credit and by providing foreign currency. Provides coverage from various types of risks. ... The insurance branch of Commerce helps in removing the hindrance of risk by providing protection and compensation to the insured.

Answer 2

Answer:

Banking provides necessary fund to the business and Insurance cover the risk involved in the business.

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