Commercial Banks
The important basic kinds of accounts opened in commercial banks are
Three
Countless
Four
Two
Three
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Why commercial banks keep a certain amount of money as reserveA. Expanding the banking business
B. Meeting the requirements of customers
C. Acquiring the satisfaction of having cash
D. Meeting the requirements of central bank
The kind of loan according to issue
A. All of the above
B. Discounting of bill
C. Mortgage loan
D. Cash credit
The loan which can be demanded by bank by bank at anytime
A. Demand loans
B. Bills of exchange
C. Overdraft
D. All the above
Current account is suitable for
A. Salaried persons
B. Business community
C. None of the above
D. Capitalists
Commercial bank creates the following money
A. Metallic
B. Credit
C. All the above
D. Paper
The amount in fixed deposit can be
A. None of the above
B. Deposited many times
C. Deposited only once
D. Withdrawn many times
Overdraft facility is only provided on
A. Saving account
B. Current account
C. Fixed account
D. All the above
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