Ask Question
13 August, 18:28

Which are the roles of a bank? Check all that apply.

1 - Storing and holding money

2 - Making purchases to create profits

3 - Lending money

4 - Investing in the economy

5 - Creating money for the economy

+4
Answers (2)
  1. 13 August, 18:55
    0
    1 - Storing and holding money

    3 - Lending money

    4 - Investing in the economy

    Explanation:

    Took the test
  2. 13 August, 21:03
    0
    The right options are;

    1 - Storing and holding money

    2 - Making purchases to create profits

    3 - Lending money

    4 - Investing in the economy

    A bank is an authorized financial establishment that accepts deposit, provide loans, and pay interest to its customers. Banks mainly take care of financial affairs and they are highly important to the economy. The main role of banks is to put their customer's money to use by lending it out to others while the banks also generate money from it. Various activities carried out by banks include personal banking, insurance, foreign exchange trading, corporate banking, etc.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which are the roles of a bank? Check all that apply. 1 - Storing and holding money 2 - Making purchases to create profits 3 - Lending money ...” in 📙 Biology if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers