what is importance of banks to ecomics

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06-04-2021
Mathematics

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what is importance of banks to ecomics

Sagot :

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WuddupGidn WuddupGidn · Answer 1 · 2021-04-06T13:34:51-04:00

Answer:

They do transactions from such a large distance

Step-by-step explanation:

Banks make it far easier for a complex economy to carry out the extraordinary range of transactions that occur in goods, labor, and financial capital markets. Banks are a critical intermediary in what is called the payment system, which helps an economy exchange goods and services for money or other financial assets.

Sagot :

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