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Q

Medium 1 Mark

General Knowledge Economy of Pakistan

How does the banking system help the economy function?

A By reducing imports

B By mobilizing savings, encouraging investment, and promoting economic development

C By controlling inflation through price fixing

D By managing foreign trade agreements

Explanation

The banking and financial system helps mobilize savings, encourage investment, and promote economic development by ensuring the smooth flow of money across all economic activities.

Reference: Economy of Pakistan - General Knowledge , Page 4

Hint

Banks channel money from savers to investors and businesses.

Explanation

Hint

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