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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