Question

Role of commercial bank in socio economic development

Answer 1

Answer: 1.Banks create credit for purpose of providing more funds for development projects.

2.Banks invest the savings mobilized by them for productive purpose.

3.Banks Play an important role in capital income which is essential for economic development of the country.

Explanation: hope this answer is helpful for you

Answer 2

Explanation:

Exchange rate – definition

An exchange rate is the price of one currency expressed in terms of another currency, or against a basket of other currencies.