Answer :
The essential function a bank can perform is that of transferring money from savers to borrowers.
What do you mean by the bank?
A bank refers to the financial institution that is entitled to receive deposits and make loans.
Transferring funds from savers to borrowers is a very important function that financial institutions perform that is critical to the economy's growth prospects as these account balances constitute a larger portion of the money supply.
Learn more about bank here:
https://brainly.com/question/7275286
#SPJ4