108k views
0 votes
How do banks affect the economy?


Please help and DON’T COPY FROM THE INTERNET

User JustLearn
by
3.7k points

2 Answers

5 votes
Commercial banks play an important role in the financial system and the economy. banks allocate funds from savers to borrowers in an efficient manner. These financial services help to make the overall economy more efficient.
User Ganpat Kaliya
by
3.8k points
3 votes
They affect the economy by money usually and withdraw and deposit. But what usually what effect the economy is by spending the money
User Tomha
by
3.7k points