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From the standpoint of economic growth, banks are important to:
From the standpoint of economic growth, banks are important to:A.
fight inflation.
B.
keep interest rates low.
C.
channel savings into investment.
D.
channel investment into savings.
E.
facilitate the use of checking and savings accounts.
From the standpoint ofeconomic growth, banks are important to:Channelsavings intoinvestment. The correct option is C.Banks play a crucial role in facilitating economic growth by channeling savings into productive investments. They serve as intermediaries betweensaversand borrowers, collecting deposits from individuals and businesses and providing funds to borrowers for investment purposes. By pooling savings from various sources, banks can allocate thesefundsto finance productive ventures, such as business expansion,infrastructureprojects, or entrepreneurial initiatives.Thus, the ideal selection is option C.Learn more abouteconomic growthhere:brainly.com/question/33142012#SPJ6...
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