Question

what is the role banks in the society?​

Answer 1

Answer:

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Explanation:

Banks play a fundamental role in society by acting as an intermediary providing, and advising on, a wide range of financing and savings solutions, risk management and payment services for all types of customers.

Answer 2

Answer:

Banks borrow from individuals, businesses, financial institutions, and governments with surplus funds (savings). Through the process of taking deposits, making loans, and responding to interest rate signals, the banking system helps channel funds from savers to borrowers in an efficient manner.

Explanation:

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