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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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