Q10. Modern banking system plays an important role in country's economic development. Briefly explain.

Q10. Modern banking system plays an important role in country's econom

1.	Q10. Modern banking system plays an important role in country's economic development. Briefly explain.
Answer» <html><body><p>tion:The <a href="https://interviewquestions.tuteehub.com/tag/banking-21796" style="font-weight:bold;" target="_blank" title="Click to know more about BANKING">BANKING</a> system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- <a href="https://interviewquestions.tuteehub.com/tag/people-1150079" style="font-weight:bold;" target="_blank" title="Click to know more about PEOPLE">PEOPLE</a> and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital <a href="https://interviewquestions.tuteehub.com/tag/formation-996531" style="font-weight:bold;" target="_blank" title="Click to know more about FORMATION">FORMATION</a>) in a country and thus <a href="https://interviewquestions.tuteehub.com/tag/help-1018089" style="font-weight:bold;" target="_blank" title="Click to know more about HELP">HELP</a> the growth process.________❤️_________</p></body></html>