Question

_______ removes the hindrance of finance and facilitate the exchange.

• A. Banking
• B. Trade
• C. Insurance
• D. Transport

Answer 1

The correct option is A Banking

A financial institution that is licensed to deal with money and its substitutes by accepting time and demand deposits, making loans, and investing in securities. The bank generates profits from the difference in the interest rates charged and paid.

The network of institutions and laws provide a great variety of financial services. At its most basic, banking involves an institution holding money on behalf of customers that is payable to the customer on demand, either by appearing at the bank for a withdrawal or by writing a check to a third party.