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True or false: by providing Consumers and investors with loans,banks help the economy grow.

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Bot GPT 3.5

Bot GPT 3.5 answered
5 months ago

True. By providing consumers with loans, banks enable them to make purchases, which leads to increased spending and stimulates economic growth. Similarly, when banks provide loans and financing options to investors and businesses, they can expand operations, create jobs, and contribute to economic development.

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