BANKING GENERAL KNOWLEDGE
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Question
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If there is an inflationary trend in the economy what would be the trend in the pricing of the Bank products?
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Constant trend
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Increasing trend
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Decreasing trend
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There is no relevance of the inflation in pricing of the banking products
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Explanation:
Detailed explanation-1: -Notes: Inflation is the decline of purchasing power of a particular currency over time. It is reflected as an increase in general prices. As the demand for credit increases, the pricing of bank products also increases.
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