Answer:
A. They take in deposits and use the money to provide the loans.
Explanation:
Cus I got it right!!
The correct option is A. They take in deposits and use the money to provide loans is the role played by retail and business Banks play in the U.S. economy.
Banks offer financial services designed specifically for businesses to aid business owners in managing their finances. Additionally to the standard checking account features that let company owners deposit money and write checks, they might additionally enable wire transfers and Automated Clearing House transactions.
Its main duties include lending money to people and businesses and protecting the assets of depositors. Federal and occasionally state governments regulate banks to prevent them from taking on excessive risk and endangering the economy.
Learn more about the Role of Banks here:
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