Question

is very crucial and considered as life and blood of the economic system.
Options
Public Sector
Banking Sector
Insurance Sector
Private sector​

Answer 1

Answer:

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Answer 2

Answer:

The banking sector is very crucial and considered as life and blood of the economic system.

Explanation:

• The contemporary economy relies heavily on the banking sector.
• As the principal source of credit, it provides funds for consumers to purchase automobiles and homes, as well as for companies to purchase equipment, grows their operations, and make their payrolls.
• Banks also provide depositors a secure location to put their money, insuring many accounts up to specific levels and allowing them to earn interest.
• Banks provide credit cards, debit cards, and checking accounts to support a variety of everyday transactions. They also aid in the growth of e-commerce, where cash is less used.
• In addition, the banking sector employs a significant number of people.

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