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Question
The primary functions of all the banks are accepting deposits and ______ money.
Options
lending
borrowing
printing
investing
Solution
The primary functions of all the banks are accepting deposits and lending money.
Explanation:
When people deposit their money in a bank, the bank utilizes those funds to provide loans to individuals or businesses in need of financial assistance. This lending process is a crucial role of banks, enabling them to generate income through the interest applied to the loans.
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