A business bank performs operations, which are intended for the development of the corporation, by providing them loans and other financial assistance.
What are business banks?
Lending and providing advances and credit facility to the businesses and corporates is one of the primary operational activity of a business bank.
As the businesses require loans and credit facilities of different degree at different periods of time, the business bank generates revenue by charging interest and also provides the current account facility to the consumer.
As business are satisfied with the fulfillment of cash requirements and banks earn interest, it helps drive and boost the economy of the nation.
Hence, option D; a business bank helps in driving the economy of a nation by proving loans and financial assistance to the companies and businesses.
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