Question

To give loans is the primary function of banks.( True/ false)

Answer 1

Answer:

True

Explanation:

Commercial banks are financial intermediaries. They accept deposits from the public and lend them in the form of short-term loan to traders and manufacturers. ... This function is very important because the economic development of the country mainly depends on the credit schemes of banks.

Answer 2

true coz economic growth of a country depends on credit schemes of banks..