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the importants of banks is that if banks dont lend to business and other banks to whole economy starts collapse
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∙ 15y ago
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How does the economy affect banks?
Commercial banks - NO. National banks - YES.
How banks help expand and maintain the economy?
Banks help expand and maintain the economy by providing loans and credit to businesses.
What happens if banks reduce lending?
It hurts the economy and makes banks lend less which would hurt the economy even more and so on...
Why does government regulate banks?
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why governments regulate the banks to ensure that customers are protected and the country's economy is safeguarded.
Why do government regulate from banks?
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why governments regulate the banks to ensure that customers are protected and the country's economy is safeguarded.
The role of banks in the Nigerian's economy?
the role of commercial banking in the development of nigerian economy
Why do governments regulate banks?
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why governments regulate the banks to ensure that customers are protected and the country's economy is safeguarded.
What are key industries owned by a socialist economy?
banks
How do banks help expand the economy?
by loaning money
Who manages the business economy?
Banks and financial institutions manage the business economy. This includes banks of various countries and the World Bank which sets the interest and lending rates.
What is the Virgin Islands economy?
Tourism is the first economic activity, also importants are petroleum refining, rum distilling, textiles, electronics, pharmaceuticals, and watch assembly.
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
