If there were no commercial bank in the country how would it affect the country's economy?
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it will badly effect it mark me as brainliest and follow me
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Banks have always played a crucial role in the overall growth and development of any country.
They play a decisive role and fuels the growth of any economy. Be it any sector, the entire fate of trade and commerce is dependent on the banking industry, and thus banks are regarded as the backbone of any economy.
They not only act as the custodian of wealth but also as resources of the country that are necessary for overall economic development of a nation.
I hope it helps u....
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