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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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