Answered

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One of the essential functions a bank performs is that of.

Sagot :

The essential function a bank can perform is that of transferring money from savers to borrowers.

What do you mean by the bank?

A bank refers to the financial institution that is entitled to receive deposits and make loans.

Transferring funds from savers to borrowers is a very important function that financial institutions perform that is critical to the economy's growth prospects as these account balances constitute a larger portion of the money supply.

Learn more about bank here:

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