Advertisements
Advertisements
Question
Complete the sentence:
Accepting deposits and lending money are the primary functions of ______
Solution
Accepting deposits and lending money are the primary functions of Commercial bank
APPEARS IN
RELATED QUESTIONS
Write a word or a term or a phase which can substitute the following statement:
Separate loan account under which the short term loan facility given by bank to the business
Select the correct answer from the options given below and rewrite the statement.
Bank is a _______ institution
Select the correct answer from the options given below and rewrite the statement.
Withdrawals are not permitted from the ____________ deposit account.
Write a word or a term or a phase which can substitute the following statement:
The type of account for which higher rate of interest is paid to bank depositors..
State whether the following statement is true or false :
Bank account of company is operated by shareholder.
State whether the following statement is true or false :
Bank overdraft facility is a long term facility.
Complete the sentence:
A facility under which a customer can overdraw money from his account is called as ___________.
Answer in one sentence:
What is a Letter of Credit?
Attempt the following:
Write a letter to the bank to stop payment of cheque.
Justify the following statement:
Overdraft facility is given only to current depositors?
Distinguish between the following:
Fixed deposit account and recurring deposit account
Distinguish between the following:
Loan and overdraft
Distinguish between the following:
Current account and saving account:
Explain the following term/concept:
Stop payment of cheque
Correct the underlined word and rewrite the following sentence:
Businessman opens Fixed Deposit Account.
Write the meaning of ‘Bank.’
Choose the Correct Answer.
The Local Area Banks are promoting ______
