What are main function of a bank?

Anonymous

∙ 12y ago

Updated: 12/31/2022

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.

Christelle Borer ∙

Lvl 10

∙ 2y ago

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