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Questions and Answers
Which of the following is the primary function of a bank?
Which of the following is the primary function of a bank?
- Lending money to profitable sectors
- Providing financial advice to customers
- Receiving deposits from savers (correct)
- Investing in high-risk ventures
Why do banks accept deposits from savers?
Why do banks accept deposits from savers?
- To lend the money to profitable sectors (correct)
- To invest in high-risk ventures
- To provide financial advice to customers
- To help savers utilize their money
What is the main reason why savers deposit their money in banks?
What is the main reason why savers deposit their money in banks?
- To earn interest on their savings (correct)
- To support the bank's operations
- To invest in high-risk ventures
- To have easy access to their money
