If banks did not exist, the most likely problem that would result is a lack of access to financial services for individuals and businesses. Without banks, people would have limited options for storing their money, making transactions, and accessing credit. This could hinder economic growth, as businesses would struggle to secure financing for expansion and individuals would have difficulty saving and investing their money. Additionally, without banks to regulate and oversee financial transactions, there would be higher rates of fraud and instability in the financial system. Overall, the absence of banks would greatly disrupt the functioning of the economy and society as a whole.
