Banking · Nature of Banking Business
In economic terms, a bank is best described as a financial intermediary and trader that primarily deals in which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Insurance policies and pensions
- 2Money and credit instruments✓
- 3Government equity shares only
- 4Physical commodities and real estate
Correct answer
Money and credit instruments
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