One of the essential functions that a bank performs is
A) purchasing government bonds.
B) creating deposits by lending required reserves.
C) transferring money from savers to lenders.
D) owning assets like real estate.

Question

Quizplus · Accepted Answer

Banks play a crucial role in the economy by transferring money from savers, who deposit their funds, to borrowers, who need loans, thereby facilitating economic activity and growth.

One of the Essential Functions That a Bank Performs Is