THE ROLE OF BANKS IN THE ECONOMY
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Аннотация:
The role of banks in the economy extends far beyond simple financial transactions. Banks serve as intermediaries, bridging the gap between savers and borrowers, which enables the efficient allocation of resources across sectors. By providing credit, banks support both individual and business growth, fueling investments and innovation. Furthermore, banks are pivotal in stabilizing economies by managing the money supply, influencing interest rates, and implementing monetary policy. This paper delves into the critical functions of banks, exploring their contributions to economic stability, growth, and financial inclusivity, while emphasizing their central role in sustaining the overall health of the economy.
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Библиографические ссылки:
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