0
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 Deposits
- Lending Loans
- Providing Bank Accounts
- Providing Credit Cards
- etc
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What are the advantages and disadvantages of development banks?
Development banks are specialized financial institutions that offer financial services to countries states local governments and private entities for the purpose of promoting economic development and reducing poverty. They typically provide loans grants and other forms of financial assistance to projects that have a positive impact on society. There are many advantages and disadvantages to using development banks as a source of financing. Advantages: Development banks can provide access to funds at lower interest rates than commercial banks. Development banks can provide technical assistance such as management and financial advice to help businesses grow and develop. Development banks can provide financing for projects that would otherwise not be able to access funds from other sources. Development banks can funnel funds to specific regions industries or sectors which can promote economic growth and reduce poverty. Disadvantages: Development banks can be subject to political pressure and thus may not be able to act independently. Development banks can be slow to respond to changing economic conditions making them less effective in times of economic uncertainty. Development banks may not have the expertise or resources to effectively evaluate and manage the projects they finance. Development banks can be prone to corruption which can lead to misallocation of funds and favoritism. In summary development banks can be a great way to promote economic growth and reduce poverty in developing nations. However it is important to consider the potential risks and disadvantages associated with using a development bank as a source of financing.
How did banks help spur economic growth in the 1780s?
how did bans help spur economic growth in 1780s
What banks offer help with business development?
Most banks and financial institutions offer help with business development. These financial institutions offer various financial products and advisement to help out new businesses.
Infrastructural decay and national development-the role of banks?
pls, help me 2 find the information about this? Infrastructural decay and national development-the role of banks.
How does marketing help economic development?
mainu ni pta
What are the functions of development bank?
Development Banks have following functions: * Provision of Capital to Industries, which can play role in economic development. * Lends money to small scale industries. * Services of Mutual Funds * Funds raising schemes for development companies. * and much more.
What part of the Economic Opportunity Act of 1964 was developed to help early childhood development?
The Head Start program was designed to help early childhood development as part of the economic opportunity act of 1964.
What part of the economic opportunity act of 1964 wasvdesigbed to help early childhood development?
The Head Start program was designed to help early childhood development as part of the economic opportunity act of 1964.
What is the purpose of the international monetary fund and world bank?
To help poor countries
What part of the Economic Opportunity Act of 1964 was designed to help early childhood development?
The Head Start program was designed to help early childhood development as part of the economic opportunity act of 1964.
What was the governments idea to help the crops?
(Needs) national economic empowerment and development strategy
What are the functions of development?
The nine important functions of development banks in India are as follows:To promote and develop small-scale industries (SSI) in India.To finance the development of the housing sector in India.To facilitate the development of large-scale industries (LSI) in India.To help the development of agricultural sector and rural India.To enhance the foreign trade of India.To help to cure sick industrial units.To encourage the development of Indian entrepreneurs.To promote economic activities in backward regions of the country.To contribute in the growth of capital markets.
