Economy, asked by shreyasg2180, 9 months ago

What are the importance of bank's

Answers

Answered by wahidahmadganaie
3

Answer:

bank is an institution in which we deposite or withdraw cash. it gives us intrust on our money.

Answered by bhawanapunetha6
0

Explanation:

The importance of banks are as follows:

1. Banks helps in keeping the money safely for the costumers.

2. The banks provide financial assistance or loans to people in need.

3. Banks also play an important role in offering finance to busssineses who wish to invest and expand.

4.The loans and bussiness investment are important to enabling economic growth.

5. Lending money to firms, customers and homebuyers.

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