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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.
Wiki User
∙ 10y ago
Wiki User
∙ 13y ago· to accept deposits of money (encourage saving)
· to lend money
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