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Bank as an Institution

Which of thes...

Question

Which of these is a characterstic of banks that helps customers to earn interest?

A

Dealing with money

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B

Accepting deposits

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C

Lending loans

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D

Link between depositor and borrower

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Solution

The correct option is B Accepting deposits
Banks accept money from the public as deposits and provide interest on the money deposited. The depositor can withdraw the money at any point of time or after an agreed time period.

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