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Secondary Functions of a Bank

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on which asset banks charge a higher rate of interest on loans?

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Q. Banks charge a higher interest rate on loans than what they offer on __________.

Q. The interest rate on loans is higher than the interest rate that banks offer on deposits.

Q. Banks charge differently rate of interest depending on the size of the loan.

Q. Banks provide a higher rate of interest on which of the following accounts?

Statement: An advertisement by Bank X ‘Our interest rates for education loans are lower than any other bank’.

Assumptions:

I. Some other banks also provide education loans.

II. Interest rates charged on education loans are different for different banks.

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Standard XII Economics

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