Question

    Identify the institution that accepts deposits, makes loans, and makes investments with the intent of profiting.

    A IMF Correct Answer Incorrect Answer
    B Central Bank Correct Answer Incorrect Answer
    C World Bank Correct Answer Incorrect Answer
    D Both 1 and 2 Correct Answer Incorrect Answer
    E commercial Bank Correct Answer Incorrect Answer

    Solution

    Commercial banks accept all types of deposits, advance loans, and invest deposit money in various investment schemes in order to earn profit.

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