99.7k views
3 votes
What is one of the main economic roles financial institutions play?

A. Collecting taxes for state and local governments
B. Printing money to increase the money supply
C. Starting new businesses in many different industries
OD. Loaning money to businesses and consumers

1 Answer

4 votes

Answer:(D)Loaning money to businesses and consumers

Explanation:The correct answer is D. Loaning money to businesses and consumers.One of the primary economic roles that financial institutions play is to provide loans to businesses and consumers.These loans help businesses and individuals to finance investments, purchases, and other expenses that they may not be able to afford with their own funds.By providing these loans, financial institutions help to drive economic growth by enabling businesses to expandtheir operations and create jobs, and by enabling consumers to make purchases that stimulate demand for goods and services.

User Onki
by
8.9k points