Discuss Forum
1. A Bank's functions do not include--
- A. acceptance of deposit
- B. acceptance of deposit
- C. acceptance of deposit
- D. acceptance of deposit
Answer: Option B
Explanation:
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.[1] Lending activities can be directly performed by the bank or indirectly through capital markets.
Banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks.
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