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      Question

      Which of the following banking transactions involves the

      lending of money to individuals or businesses in exchange for interest payments and the promise of repayment?
      A Savings account deposit Correct Answer Incorrect Answer
      B Wire transfer Correct Answer Incorrect Answer
      C Mortgage loan Correct Answer Incorrect Answer
      D Safe deposit box rental Correct Answer Incorrect Answer

      Solution

      Mortgage loan involves lending money for the purchase of real estate and is a common type of banking transaction.

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