Which are the roles of a bank? Check all that apply.

Storing and holding money
Making purchases to create profits
Lending money
Investing in the economy
Creating money for the economy

Respuesta :


Main purpose of banks
Keep money safe for customers.
Offer customers interest on deposits, helping to protect against money losing value against inflation.
Lending money to firms, customers and homebuyers.
Offering financial advice and related financial services, such as insurance.

The roles a bank plays includes:

  • Storing and holding money
  • Lending money

What are banks?

A bank is a financial institution that accepts deposits, lends money, stores valuables from customers. The activites of banks are guided by the Central Bank. The Central Bank is responsible for creating money in the economy.

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