How do bank loans help the nation’s economy? A. They ensure consumer spending and confidence.B. They ensure the success of new businesses. C. They allow businesses to expand and improve. D. They allow consumers to quickly pay off debts.

The bank is a financial intermediary that makes money and financial instruments received from individuals and institutions with surplus available to individuals and institutions with deficit. This is usually at a cost to such individuals and institutions.

The bank makes loans available to business who may want to expand but lack the funds required to finance such expansion. This is of key benefit to the economy.

Tundexi Tundexi · Answer 2 · 2022-03-23T20:51:00+01:00

A bank loans can impact positively on a nation’s economy because they allow businesses to expand and improve.

What is the loan bank function?

One of the function of bank is to give loan to people at interest from the depositors money with them.

The bank makes loans available to business who may want to expand but lack the funds required to finance such expansion.

Also, this allows entrepreneur to flourish and impact the economy positively in GDP and employment rate.

Therefore, the Option C is correct