In what way do banks drive the United States economy?
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Investment banks help the broader financial markets and the economy by matching sellers and investors, therefore adding liquidity to markets. The actions of the banks also make financial development more efficient and promote business growth, which in turn helps the economy...........
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Banks only have to keep 10% of each deposit made to them and can use the remaining money for loans. ... During the 2008 financial crisis, some big banks, such as Citigroup and Wells Fargo, had to be bailed out by the federal government.
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