Economics · Banking System

Which of the following is considered an agency or secondary function rather than a primary function of commercial banks?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Receiving deposits from the public
2Lending loans to the public
3Creation of credit
4Transfer of funds✓

Correct answer

Transfer of funds

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Which of the following is considered an agency or secondary function rather than a primary function of commercial banks?

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Which of the following is considered an agency or secondary function rather than a primary function of commercial banks?

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