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How bank help the economy?

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Anonymous

10y ago
Updated: 7/7/2022

the bank help the economy by keeping citizens out of debt

and that's my answer

and im stupid so dont listen to me

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Cleve Schultz

Lvl 10
3y ago

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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


What is bank and how it help to develop economy?

This answer has been removed due to an un-satisfactory response.


Who wanted to create a national bank to help strengthen the economy of the US?

thomas jefferson


How do banks help in economic development as a whole?

A Bank is an institution that serves as the financial intermediary in the economy. They are responsible for cash flow within the nation's economy. Their main functions include:Accepting DepositsLending LoansProviding Bank AccountsProviding Credit Cardsetc


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The function of a bank is the same irrespective of where it operates. The main function of a bank is to play the role of a financial intermediary in the economy. They help keep the cash flow going in the economy by collecting deposits from people with surplus and granting loans with people who need funds. Without banks, the economy may come to a standstill within just a few days.


Why did the congress agree to create a national bank?

They agreed because they hoped it would offer stability for the U.S economy.


Why was the creation of a national bank important to the U.S. economy?

Why was the creation of a national bank so important to the U.S economy?


What was the function of the bank?

The main function of a bank is to play the role of a financial intermediary in the economy. They help keep the cash flow going in the economy by collecting deposits from people with surplus and granting loans with people who need funds. Without banks, the economy may come to a standstill within just a few days.


What are main function of a bank?

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What do you know by bank .explain functions and importance of bank?

A Bank is an institution that serves as the financial intermediary in the economy. They are responsible for cash flow within the nation's economy. Their main functions include:Accepting DepositsLending LoansProviding Bank AccountsProviding Credit Cardsetc.


What is the Significance of a bank?

A Bank is an institution that serves as the financial intermediary in the economy. They are responsible for cash flow within the nation's economy. Their main functions include:Accepting DepositsLending LoansProviding Bank AccountsProviding Credit Cardsetc.


Where could one find information on the economy in India?

Information on the economy in India can from its central bank, the Reserve Bank of India, and from publications such as the Economist and Bloomberg Financial.