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the role of commercial banking in the development of nigerian economy

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Write an essay on Role of Banks in An Economy.?

essay the role of bank


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

what is banking role in afghanistan economic development


How do banks function?

Banks play a vital role to keep the flow of money in the economy in a controlled manner following the guidelines of RBI.


The role of banks in the Nigerian?

the role of commercial banking in the development of nigerian economy


Explain the role of banks in the economy?

The banks play a pivotal role in a country's economy. The economy of a country is bound to crumble down if the banks are closed indefinitely. The banks provide necessary impetus to growth by pumping finance to industrial sector,without which the production cannot accelerate which is vital for employment and overall growth of the economy. However, the responsibilities of private banks are limited and they are more inclined for augmenting their profit acceleration. Whereas the nationalized banks have their social responsibilities to lift the cottage and small industries sector by providing soft loans, without caring for their profit motivation.


Why do banks play a crucial role in the economy and financial system?

Banks play a crucial role in the economy and financial system because they facilitate the flow of money, provide a safe place for people to store their funds, offer loans to individuals and businesses for investments and growth, and help regulate the overall financial stability of the economy.


What is the role of high street banks within the UK economy?

to spend the peoples money and rip of Ashley


What are the Importants of banks in the economy?

the importants of banks is that if banks dont lend to business and other banks to whole economy starts collapse


Why do central banks play an important role in a global economy?

they control the foreign currency reserves that are used for international trade


What role do shadow banks play in the financial system of the USA, and how do they differ from traditional banks?

Shadow banks in the USA play a significant role in the financial system by providing credit and liquidity to the economy. They differ from traditional banks in that they are not subject to the same regulations and oversight, which can make them more risky but also more flexible in their operations.


How does the economy affect banks?

Commercial banks - NO. National banks - YES.


How can you define the role of banking companies in an economy?

Banks can be considered the back bone of any economy esp when it is growing. Banks make credit available for people and industries without which they cannot run or expand their business. The significance of the banking industry is very evident after the recent economic crisis where banks were unable to maintain the liquidity in the markets and as a result the economy got badly affected