24
QuizMultiple Choice

Macroeconomics — Test

Question 24 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

The main role of banks in the nation’s economy is to

Answer
A
store, lend, and distribute money.
B
store, lend, and approve money.
C
store, lend, and borrow money.
D
store, lend, and invest money.

Explanation

Banks help money move through the economy by accepting deposits, lending money to borrowers, and making payments available to people and businesses. This means they store, lend, and distribute money. “Approve money” is not a standard banking role, and investing is not the main role described here.

AI-written and checked against the verified answer.

Previous
Next