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How do banks help expand the economy?
by loaning money
why are businesses important?
they help stimulate the local economy
How banks help expand and maintain the economy?
Banks help expand and maintain the economy by providing loans and credit to businesses.
Why are small businesses important?
they help stimulate the local economy
How did ABBA help the economy?
What boosts the economy is consumers spending money. If you are buying music, whether it be old 1970's albums, or CD's and DVD's, you are still stimulating the economy. Their record sales stimulate the ecomony.
How do banks help the nation's economy?
the bank help the economy by keeping citizens out of debt and that's my answer and im stupid so dont listen to me
Role of commercial banks in developing countries?
The can help to grow the country. They will provide money to the growing government along with issue money to the people to use to grow the economy.
How does saving help the US economy?
1) expansion of the economy requires capital; money in saving is used for expansion.2) money saved is also money invested in the economy.3) banks use moneyin savings to make loans to businesspeople.4) buisnesses that save are able to reinvest in themselves.
How did the 21st amendment help to stimulate parts of the economy?
It imposed a $5 tax for every barrel manufactured.
How do savingborrowing and investing help the economy?
Saving, borrowing, and investing help to keep money moving and active. When people save money in a bank, the money does not just sit there; banks loan out a portion of the money to other people. Those people buy goods and services and invest in businesses, like real estate, as well as pay the loan back with interest. This movement of money helps the economy.
What are the importance of banks in the economy?
Banks do not create any money. It only borrow and lend money from their customers. Banks are very important to economy because if bank have certain amount with them then bank can invest in other sectors. which will help in long term by giving them return. Banks have a certain team to do that.
What do service banks provide?
banks provide help to the customers by giving resources such as money.
