1.

“Bank plays an important role in the economic development of thecountry.” Support the statement with examples.

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ANSWER:

The banking system plays an important role in the MODERN economic world. Banks collect the savings of the individuals and lend them out to business- people and MANUFACTURERS. ... Thus, the banks play an important role in the creation of new capital (or capital FORMATION) in a COUNTRY and thus help the growth process.

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