What is the primary function of a bank?
A.
B.
C.
D.
Answer & Solution
Solution:
The primary function of a bank is to facilitate financial transactions by accepting deposits from individuals and businesses and using those deposits to provide loans. This process helps circulate money in the economy, support business growth, and enable individuals to make significant purchases like homes and cars. Banks also play a crucial role in maintaining liquidity and financial stability in the economy.
Post Your Comments