How do bank personal loans help the nation’s economy?
Investment
banks do not take or keep the money of individuals. They help organizations and
large companies raise money on the international financial market.
Development banks are financial
organizations that help Third World Countries. They not only provide money for nations in Africa,
Asia, and South America. The bank then uses the majority of these deposits to
lend to other customers for a variety of loans. Banks play an important role in
the economy by offering a service for people wishing to save.
- Regulate the banking industry
- Loan money to banks
- Give individual loans
- Give corporate loans
- Transfers any
profits to the Treasury
How
do bank personal loans help the nation’s economy?
