what are the advantages of bank
Answers
Answered by
1
Answer:
Explanation:
Banks create money with a system called credit creation. With the help of credit creation, banks can lend a lot more money than the deposits that it holds. When banks lend this money to agriculture, industries, small businesses, and service providers, they are actually helping the economy grow exponentially.
Answered by
2
Answer:
- Safety of public health
- Availability of cheap loans
- Propellant of economy
- Economies of large scale
- Development in rural areas
- Global reach
Similar questions