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Question
When commercial banks extend loan, it gives ________.
When commercial banks extend loan, it gives ________.
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Solution
The correct option is D all of the above
A commercial is that financial institution which accepts deposit from people and offers loan for the purpose of consumption or investment. When commercial bank extend loan they provide direct loans and advances to the public with overdraft facility and the bank also provides discounts on bill of exchange.
A commercial is that financial institution which accepts deposit from people and offers loan for the purpose of consumption or investment. When commercial bank extend loan they provide direct loans and advances to the public with overdraft facility and the bank also provides discounts on bill of exchange.
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