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What is importance of banks to ecomics​

User Alireza Amini
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1 Answer

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18 votes

Answer:

They do transactions from such a large distance

Explanation:

Banks make it far easier for a complex economy to carry out the extraordinary range of transactions that occur in goods, labor, and financial capital markets. Banks are a critical intermediary in what is called the payment system, which helps an economy exchange goods and services for money or other financial assets.

User Jhunovis
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