One significance of commercial banks is that it facilitates payments for smooth flow of money within the economy.2 pointsTRUEFALSE

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The statement is TRUE.

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Role of Commercial Banks: Commercial banks serve as intermediaries in the financial system, allowing for the efficient transfer of funds between borrowers and savers. One of their crucial functions is facilitating payment Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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