Why are banks necessary for a country? The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process. Why was banks created? Key Takeaways. Banking institutions were created out of a need to satisfy the market to provide loans to the public. As economies grew banks allowed the general public to increase their credit and make larger purchases. Beauty Finding the Perfect Boyfriend Jeans for Your Body Type Finding the Perfect Boyfriend Jeans for Your Body Type Boyfriend jeans have been on trend for several years now, and they’re nowhere near going out of style. These comfortable and laid-back de
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How does temperature affect active transport? Rate of active transport increases with increase in glucose concentration due to increase in the rate of energy production. Temperature affects the enzyme controlled respiration process. An increase in temperature increases the rate of respiration since the enzymes become more activated. https://fitnesslifestylecanada.blogspot.com/ https://ketoweightlossfast.blogspot.com/ https://mdnewshealth.blogspot.com/ https://freemoviesdownloads2020.blogspot.com/ https://weightlossfitness121.blogspot.com/ https://acnehelpproblems.blogspot.com/ https://diabetescaresystem.blogspot.com/ What is the role played by banks in the economy? Banks play two major, closely related roles in the economy. They serve to provide the loans that allow a great deal of consumption and investment to occur and they increase the supply of money. Businesses generally need to borrow money to expand or upgrade their capacity. Banks lend money to all