1
Question
All financial institutions can also be termed as banking institutions
All financial institutions can also be termed as banking institutions
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Solution
The correct option is B False
False
A financial institution can be a banking institutions only when it performs the functions of accepting deposits and advancing loans.
Hence, the correct option is (B)
False
A financial institution can be a banking institutions only when it performs the functions of accepting deposits and advancing loans.
Hence, the correct option is (B)
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