asked 19.6k views
5 votes
Both retail and business banks are important to the US economy because they

2 Answers

5 votes

Answer: B. Use deposits to provide loans and financing

Step-by-step explanation:

A.P.E.X

answered
User Costo
by
7.7k points
5 votes

Answer:

Retail businesses are important because they provide millions of jobs in the United States. According to the most recent figures, almost 10 million Americans work in retail, from cashiers to store vendors, to low-level clerks.

Business banks are important because they provide much needed deposit services and credit to businesses and individuals. The modern economy would not work without banking, and this is why the banking sector is highly regulated by the government, and often rescued in times of economic crisis.

answered
User Deebster
by
7.4k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.