Multiple choice

Which cannot be an example of a banking service for individual customers?

  1. Micro finance

  2. Consortium loan

  3. Bancassurance

  4. No frills account

  5. Bridge loan
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Consortium Loan means that two or more than two banks authorise correspondent banks to provide local and foreign currency loan, and credit business for borrowers in a set time and proportion, based on the same conditions of loan and the same agreement of loan. It is not for individuals.

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