What is the role of financial services in society (banking) ?

The financial services that banks provide plays a big part in our society because it plays a big part in the growth of our economy. One of the many examples is that it provides investment services for investors who need capital for building a company or business which will then increase the percentage of employment.

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its the dynamic part in the circular flow of income and expenditure. banks lend most of governmental sectors, companies, peaople which leads to total growth of country's GDP and decreases unemployment.