Answer:
The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.
Explanation:
Banks play an important role in capital formation, which is essential for the economic development of a country. They mobilize the small savings of the people scattered over a wide area through their network of branches all over the country and make it available for productive purposes
According to Piaget, children and adults interact with the world around them in order to organize what they learn into <u>Cognitive Schemas</u><u>.</u> Hence, the correct answer is Cognitive Schemas. Read below about Cognitive Schemas.
<h3>What is Cognitive Schemas?</h3>
A schema is a cognitive structure that functions as a platform for one's knowledge about people, places, objects, and events. Schemas assist people arrange their knowledge of the world and understand new information.
Therefore, the correct answer is as given above
learn more about cognitive schema: brainly.com/question/13766023
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The answer is Assimilation. Is the process whereby a
community of speakers of a language shifts to speaking a completely different
language and it is usually over a prolonged period. Also identified as language
transfer or language replacement or language assimilation, Language shift.
