Question

What is the role of bank in the economic development of the country?

Answer 1

Hey mate here is your answer...
bank plays a very important role in the development of money because of the following reasons
.........
. it helps to exchange and also store money.
. it helps to provide loans for farmers e.t.c which gives a huge profit to government helps to strengthen the economic condition...
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hope it will help you my dear friend ☆☆■■

Answer 2

Answer:

The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.