Question

The main role of banks in the nation’s economy is to...
store, lend, and invest money.
store, lend, and borrow money.
store, lend, and distribute money.
store, lend, and approve money.

Answer 1

The main role of the banks in the nation’s economy is to store, lend and invest money.

The central bank prints the currency and distributes them to its subsidiaries. These banks lend money to the loaners against some stipulated interest.

Banks also invest in projects to earn profits and grow.