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lions [1.4K]
2 years ago
6

Somebody answer how does financial services eg banking contribute to the economy?

Social Studies
1 answer:
Ne4ueva [31]2 years ago
5 0

Answer:

The financial services mobilizes savings and allocates credit across space and time.

the government to raise both short-term and long-term funds to meet both revenue and capital expenditure

it helps to grow business

it creates employment and opportunities.

promotes rapid economy development with creation and expression of infrastructure

its helps in financial development

Explanation:

hope it helps u :)

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