Question

What is the needs and importance of commercial bank?

Answer 1

The needs and importance of commercial banks are :-

• They lend money to the people , accept deposits , process checks & payments and offer secure havens for treasured items .

• They attract large amount of capital from investors .

• They act as a control mechanism for the flow of capital which allows the banks to become prosperous ,

• Increasing the stock value for investors who have a stake in a particular bank .

• They are crucial for small businesses because owners rely on loans and credit to help their businesses thrive .

Answer 2

┏━━━━━°❀•°: They attract large amount of capital from investors.

Increasing the stock value for investors who have a stake in a particular bank.

They lend money to the people, accept deposits, process checks, and payments and offer secure havens for treasured items. :°•❀°━━━━━┓