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InterviewSolution
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Fill in the blank with appropriate alternatives given below : _________is a primary function of commercial banks.OptionsPurchasing and selling securitiesAccepting depositsSafe deposit vaultLetter of credit |
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Answer» Accepting deposities is a primary function of commercial banks Explanation: Accepting deposits from the general public is the basic function of a commercial bank. A portion of these deposits is then lent out by the banks to the general public as loans at some rate of interest. Other functions of commercial bank include discounting of bills, investing funds, granting loans etc. |
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