Question

why is Bank necessary?​

Answer 1

Explanation:

Banks provide different payment services, and a bank account is considered indispensable by most businesses and individuals. ... Banks can create new money when they make a loan. New loans throughout the banking system generate new deposits elsewhere in the system.

Answer 2

Banks provide different payment services, and a bank account is considered indispensable by most businesses and individuals. ... Banks can create new money when they make a loan. New loans throughout the banking system generate new deposits elsewhere in the system.