Economics · Banking System
Which of the following is considered an agency or secondary function of a commercial bank?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Credit creation
- 2Advancing loans and overdrafts
- 3Clearing of cheques and bills of exchange✓
- 4Accepting deposits from the public
Correct answer
Clearing of cheques and bills of exchange
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