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18 January, 00:55

What is the primary role of our banking system?

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Answers (2)
  1. 18 January, 01:15
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    See explanation section

    Explanation:

    The primary role of the banking system is to accept deposits from the general public so that the money can be given as a loan to the public in an effective way to foster the economy. It is the safest platform where people keep their money to get a bonus while people borrow money to continue operating.
  2. 18 January, 01:15
    0
    The primary role of our banking system are discussed below.

    Explanation:

    The primary role of our banking system

    The main functions of the banking system or banks are to deposit and lending loans. The central bank is the head of all the banks or could say the father of all other banks. The central bank plays a leading role in the banking system it organizes, runs, supervises, regulates and develops the banking system of the country.
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