The most important function of banks in an economy is extending credit. This function supports economic growth by providing businesses and individuals with the funds needed to invest, expand, and spend, which in turn stimulates economic activity.
Which is the most important function of banks in an economy?
(1 point)
Responses
extending credit
extending credit
guarding savings
guarding savings
providing mutual fund options
providing mutual fund options
managing employee pay systems
1 answer
1 answer