1.5.2.2 - Banking
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Practice Questions
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What is banking?
💡 Hint: Think about how money moves in and out.
List one auxiliary to trade.
💡 Hint: Consider support services that help in trade.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary function of banking in commerce?
💡 Hint: Consider what banks do for businesses.
True or False: Banking only deals with physical cash.
💡 Hint: Think about online banking.
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Challenge Problems
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Analyze the potential consequences for an economy that lacks a developed banking system.
💡 Hint: Consider how businesses get funds.
Evaluate the role of banks during economic recessions.
💡 Hint: Think about how banks influence economic activity.
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