Importance of bank in points at 10 class
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Answer:
Banks provide funds for the business and play an important role in the development of a nation. It acts as an intermediary between people having surplus money and those requiring money for various business activities.
Explanation:
A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries.
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