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The can help to grow the country. They will provide money to the growing government along with issue money to the people to use to grow the economy.

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The role of banks in the Nigerian's economy?

the role of commercial banking in the development of nigerian economy


What is one major role international organization play in global economy?

offering aid to developing countries


What type of financial institution plays the largest role in the economy?

Commercial banks play the largest role in the economy as they provide essential services such as accepting deposits, offering loans, and facilitating payments. They support consumer spending and business investment, thereby driving economic growth. Additionally, commercial banks help in the allocation of capital, manage risks, and contribute to monetary policy implementation, making them a cornerstone of the financial system.


What is one major role international organizations play in the global economy?

Offering aid to developing countries.


How commercial banks assist in the implementation and transmission of monetary policy in the economy?

Commercial banks play a crucial role in the implementation and transmission of monetary policy by acting as intermediaries between the central bank and the economy. They facilitate the flow of money by adjusting interest rates on loans and deposits in response to central bank policy changes, influencing borrowing and spending behavior. Additionally, banks manage the reserves they hold, which can affect the overall money supply and credit availability in the economy. Through these mechanisms, commercial banks help to transmit monetary policy objectives, such as controlling inflation and promoting economic growth.

Related Questions

The role of banks in the Nigerian?

the role of commercial banking in the development of nigerian economy


The role of banks in the Nigerian's economy?

the role of commercial banking in the development of nigerian economy


What are the Role of commercial banks in economy development of Afghanistan?

what is banking role in afghanistan economic development


What is the role of the media in developing a nation?

There is a great role that media plays in helping a developing nation. Media reaches out to countries that can help.


What are development banks?

Development banks are financial institutions that provide capital and support for projects aimed at fostering economic development, particularly in emerging markets and developing countries. They often focus on sectors such as infrastructure, agriculture, and small and medium-sized enterprises (SMEs), offering loans, equity investments, and technical assistance. Unlike commercial banks, development banks prioritize social and economic impact over profit maximization. They play a crucial role in mobilizing resources and facilitating investments that contribute to sustainable growth and poverty reduction.


Role of public administration in developing countries?

The lack of untrained personnel affected the public administration in developing countries. In the 1970's the UN quit providing training, and left training to these developing countries which resulted in shortages.


What is the role of commercial banks in ethiopian?

process of payment, common money market,issue money


Role of commercial banks in entrepreneurial development?

The role of commercial banks in economic development is to ability to control the flow of investment capital through the market. This is accomplished through the lending processes which are closely monitored to determine the financial risks involved with lending to specific types of business entities.


What is the role played by the primary sector in the GDP in the countries shown relate your answer to the jobs offered salaries and the value of products to developing countries?

It is the main sector in developing countries, as it provides the most employment and is the beginning of the production process.


Should the US government take a role to provide basic needs in developing countries?

Yes, United States Government international integrative development, develops basic needs in developing countries.


What impact does the global economy have on the stability of developing countries?

The global economy can have a significant impact on the stability of developing countries. Economic fluctuations, such as recessions or currency devaluations, can lead to financial instability and affect the ability of developing countries to meet their financial obligations. Additionally, changes in global demand for goods and services can impact the export-dependent economies of developing countries. Overall, the global economy plays a crucial role in shaping the stability and growth of developing countries.


What is the purpose of money lending?

The role of lending money is to help developing countries,in order to get job done