THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following is NOT something a bank does?
|
|
accept money and hold it for safekeeping
|
|
|
offer loans for people who want to buy something but don’t have enough money
|
|
|
use money given to them by customers to pay for purchases in other countries
|
|
|
use some of the money given to them by customers for loans for other customers
|
Explanation:
Detailed explanation-1: -The term Zero hour is NOT used in the banking field.
Detailed explanation-2: -The correct answer is Federal Bank.
Detailed explanation-3: -Detailed Solution. The correct answer is lending money.
Detailed explanation-4: -A foreign draft is thus a handy tool that facilitates the transfer of funds that originate in one country, as one currency. into another currency, in another country, either on demand or at a predetermined rate.
There is 1 question to complete.