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Nairaland Forum / Nairaland / General / Business / What Is Role Of Banks In Nigeria Economy (179 Views)
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What Is Role Of Banks In Nigeria Economy by Kokovilla: 11:50pm On Aug 24, 2019 |
The role of commercial bank and other banking institutions is to provide loans as capital for both individual and firm to meet the loan requirement in order to boost business activities. Bank lending help to boost the amount of money in circulation consequently leading to higher rate of economic activities, changes in money supply and lending or credit availability which affect the consumption pattern and the government spending and well as investment. Banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from customers to investors in an efficient manner.These financial services help to make the overall economy more efficient. For more details. https://bestmarket.com.ng/2019/08/what-is-the-role-of-banks-in-country-economy-development/ |
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