Describe the role of financial system in the economic development in f – InterviewSolution

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1.	Describe the role of financial system in the economic development in financial institution
Answer» The primary ROLE of financial institutions is to provide liquidity to the ECONOMY and permit a higher level of economic activity than would otherwise be possible. According to the Brooking Institute, banks ACCOMPLISH this in three main ways: offering credit, managing markets and POOLING risk among CONSUMERS.

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