Bank works as one of the pillars of economic development of a country.

1.	Bank works as one of the pillars of economic development of a country. Give reason.
Answer» Trade and commerce are impossible without banking. Majority of the world finance works through banks. Banking has grown enormously both in their working methods and facilities to customers. The financial transactions that used to take place in days are now done within seconds. As a result the speed of trade and commerce has increased drastically. Faster the transactions faster will be the money rotation and which ultimately will boost the economy. Hence, banking works as a foundation pillar of a country’s economy.

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