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How do banks affect the economy? Give an example.

2 Answers

4 votes

Answer:

the vector sector is a vital system to our economy so it affects the economy because if its not working its going to affect everything even the stock market

Step-by-step explanation:

6 votes

Answer:

Commercial banks play an important role in the financial system and the economy. They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities. These financial services help to make the overall economy more efficient.

Step-by-step explanation:

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