Question

Identify the institution that accepts deposits, makes loans, and makes investments with the intent of profiting.

A IMF Correct Answer Incorrect Answer
B Central Bank Correct Answer Incorrect Answer
C World Bank Correct Answer Incorrect Answer
D Both 1 and 2 Correct Answer Incorrect Answer
E commercial Bank Correct Answer Incorrect Answer

Solution

Commercial banks accept all types of deposits, advance loans, and invest deposit money in various investment schemes in order to earn profit.

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