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Sagot :
Final answer:
Banks are financial intermediaries that accept deposits, make loans, and provide checking accounts for customers, playing a vital role in the economy.
Explanation:
Banks are financial intermediaries that accept deposits, make loans, and provide checking accounts for their customers. They play a crucial role in the economy by facilitating the flow of funds between savers and borrowers, ultimately contributing to capital formation and economic growth.
Learn more about Functions of banks as financial intermediaries here:
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