Multiple choice

Which of the following statements is/are correct about banking?

a. The purpose of deposits in banks should be for lending or investing. b. Banks stimulate economic activity by mobilising the savings of the people. c. The bank deposits should be repayable on demand only.

  1. a only

  2. b only

  3. c only

  4. a and b

  5. b and c

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation