CUET Preparation Today
Banks are defined as the institutions dealing with credit. Which of the following depicts the most important features of bank? |
Accepting deposits and lending loans Creating money and selling securities Increasing the economic growth and lending surplus money Issuing instruments and infusion of money |
Accepting deposits and lending loans |
The 2 most important features of a bank are:
Apart, from that banks perform other functions as well like issuing securities, insurance etc., discounting of bills of exchange, transfer of money and other miscellaneous functions. |
