BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are functions of financial services?
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Mobilization of savings
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Allocation of fund
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Specialized services
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All of the above
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Explanation:
Detailed explanation-1: -Notes: Mobilization of savings, allocation of fund and specialized services are all functions of financial services.
Detailed explanation-2: -The 4 most common types of financial institutions are commercial banks, brokerage firms, insurance companies, investment banks.
Detailed explanation-3: -Answer and Explanation: The correct answer is (B) Investing in real assets. Financial intermediaries are charged with accepting depositing and lending money to customers. Investing in real assets is not one of the functions of financial intermediaries.
Detailed explanation-4: -The objectives of the financial system are to lower transaction costs, reduce risk, and provide liquidity.
There is 1 question to complete.