How do bank loans the nation’s economy?

they ensure consumer spending and confidence.
they ensure the success of new businesses.
they allow businesses to expand and improve.
they allow consumers to quickly pay off debts.

The right option is; They allow businesses to expand and improve.

A bank loan is a sum of money borrowed from the bank with the agreement that the money will be paid back to the bank. Bank loans are given to assist for certain intended or unintended events. Almost all bank loans are made at interest and they have a period by which the borrower must have repaid the loan. Bank loans are provided to start new businesses, and to help already existing businesses to improve and expand. This in turn helps the nation’s economy to grow.

recent improvements in technology/telecommunication/internet have increased the pace of globalization.

explanation:

recent improvements in technology have enhanced the pace of globalization. it is not difficult to recognize that technology has created the human race one big issue. there are several aspects to technology but they all serve to meet us the further. i can beat and be friends with a fellow, thousands of miles away. technology has also bridged the knowledge gap and has presented for the ready transfer of ideas and values.