Role of Commercial Banks in Economy?

Answer

One of the roles of commercial banks in the economy is that it influence the foreign currency market through transfer of payments from different locations of countries. Through loans, they also provide capital to businesses which makes the country more productive and the economy more profitable. They also help promote trade and industry through checks, credit cards, bank drafts, and others.
1 Additional Answer
Ask.com Answer for: role of commercial banks in economy
Role of Commercial Banks in Economy
Banks play an important part in a nation’s economy. Commercial banks are typically the intermediary between individual consumers and a nation’s central bank, which usually regulates the flow of money.... More »
Difficulty: Easy
Source: www.ehow.com
Q&A Related to "Role of Commercial Banks in Economy?"
What is the Iimportance of Bank in the Economy? The role of banks in an economy. We all think we know what a bank is and what it does. And not without reason: most people have had
http://wiki.answers.com/Q/What_is_the_role_of_comm...
The name of the bank has been used by the cons through internet around the world.These crooked people locate probably in Holland.
http://answers.yahoo.com/question/index?qid=201209...
Higher rates protect against runaway inflation. The rising rates effectively decrease the amount of money in circulation. Higher rates reduce the money supply while keeping the value
http://www.ehow.com/facts_6747337_can-commercial-b...
1 Study the role of the Federal Reserve Bank through American history . The Federal Reserve Bank worked out the bank bailouts with the help of the Department of Treasury. Congress
http://www.wikihow.com/Understand-the-Role-of-Bank...
Explore this Topic
saif ...
What is the Iimportance of Bank in the Economy? The role of banks in an economy We all think we know what a bank is and what it does. And not without reason: most ...
Commercial Banks are the financial intermediaries of the economy. Most commercial banks provide the following services to customers: Savings accounts Checking ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014 Ask.com