Answer:
Banks fulfil several key functions in the economy. They improve the allocation of scarce capital by extending credit to where it is most productive, as well as allowing households to plan their consumption over time through saving and borrowing (Allen and Gale 2000)
Explanation:
Charters and constitutions place limits on leaders powers
Answer:
The primary reason of Montesquieu to advocate the separation of powers is to impede a ruler from concentrating all power in his hands. If the judiciary is not independent from the legislative or the executive branches, there is no liberty. Montesquieu also argues in favor of checks and balances among the branches.
Explanation:
