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Banks and Their Functions

Banks do not ...

Question

Banks do not provide which of the following services?

A

Issuing Bank Drafts

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B

Depositing money

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C

Sale of post cards and postal stamps

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D

Lockers for valuable items/documents

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Solution

The correct option is C Sale of post cards and postal stamps
Sale of post cards and postal stamps services are offered by post office. This service is not offered by commercial banks. Functions of commercial banks include- issuing bank drafts, depositing money and lockers for valuable items.

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