Multiple choice

Which of the following is not a function of commercial banks?

  1. Acceptance of deposits

  2. Lending of funds

  3. Remittance of funds

  4. Coordinating currency

  5. Underwriting services
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Central banks perform this activity along with the decisions on credit policies, and controlling and coordinating currency. Thus, this is the correct answer.

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