Q. To what extent can banks affect a nation’s economy?
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To what extent can banks affect a nation’s economy?


economy nation banks
3

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Jun, 2018

Banking
 7.35 q
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  • nurkeyo

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  • tonystark

    Most simply, banks help the economy by making it easier for the money to go around. Most people think of a bank as a vault to store cash in. What they don’t see is the bankers take the money out of the vault and give it out to people in the form of loans. Those loans help people and businesses get a head start to buy a house, car, or something else they need.


       

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      1.48 q

Asked in Category

Banking

Is it a good idea to join banking? What happens to your money when you put it in a bank? Will it help consumers' financial lives? If youre fed up with your financial status, you need something that can help you- a bank. But, theres a time when choosing a bank is a hard decision. Banking services had now reached to a much larger section of the society. Putting money in a bank doesnt remain locked up - instead, it basically helps other people by lending the money at rates and you depositing customers gain a small amount in return.

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