3 Questions
Which of the following is the primary function of a bank?
Receiving deposits from savers
Why do banks accept deposits from savers?
To lend the money to profitable sectors
What is the main reason why savers deposit their money in banks?
To earn interest on their savings
Test your knowledge on the primary function of banks: accepting deposits. Explore the role of banks in receiving and managing deposits from savers and account holders.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free