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Distinguish between the purpose and function(s) of banks. Furthermore, distinguish between the micro and macro functions of banks. Explain briefly the banks role in providing
Distinguish between the purpose and function(s) of banks. Furthermore, distinguish between the micro and macro functions of banks. Explain briefly the banks role in providing liquidity management, reduced transactions costs and block lending. In the case of commercial banks, what is the difference between making a profit and making money?
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