Question

How does the banking system influence the different sectors of the economy ?Explain briefly

Answer 1

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Answer 2

hey!!

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▪The banking sector is the section of the economy devoted to the holding of financial assets for others. investing those financial assets as leverage to create more wealth and the regulation of those activities by government agencies.

▪factor affecting banking system.▪

1. ▪holding of Financial Assets:-

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▪This is the core of all banking and where it began though it has expanded far beyond the days of holding gold coins for Holy Land pilgrims in exchange for promissory notes.

2▪ushing asset as average:-

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▪ Traditionally banks leverage the money in their vaults as loans earning money from the interest rates charged on those loans.

☆hope its help u!

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