Question

why are banks important??

Answer 1

Answer:

Banks provide funds for the business and play an important role in the development of a nation. It acts as an intermediary between people having surplus money and those requiring money for various business activities.

Explanation:

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Answer 2

Answer:

They are primarily responsible for currency stability, controlling inflation and monetary policy, and overseeing a country's money supply. They also regulate the capital and reserve requirements of member banks.

Explanation:

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