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Banks perform multifaceted roles that are crucial for the smooth functioning of the economy. They provide a safe haven for deposits, offer loans to stimulate economic growth, facilitate international trade through letters of credit, and support government financial operations. Moreover, banks contribute to economic stability by implementing monetary policies and acting as custodians of public funds. Understanding these roles underscores the importance of banks in modern economies and highlights the need for robust regulation and oversight to ensure their integrity and stability. BookMyEssay can help in financial learning.