Question

Which of the following was an effect of the growth of the banking and finance industries?

0 It became harder for corporations to raise money to expand their businesses.
0 It created more middle-class jobs.
0 Fewer corporations were formed.
Select all that apply

Answer 1

its only the 2nd one

Step-by-step explanation:

just took test

Answer 2

It created more middle-class jobs.

Step-by-step explanation:

Banking and finance industries such as Banks promote economic growth by offering credit to individuals and corporations who are good borrowers. Banks are known to offer loan to people at a given interest rate.

This makes it easier for corporations to raise money to expand their businesses. It also created more middle-class jobs due to the banks needing labour to run the company and also supports more formation of corporations due to access to capital by people from the banks.