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Question
What is exchange bank?
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Solution
Exchange banks are banks which facilitate foreign exchange transactions.
RELATED QUESTIONS
Distinguish between the following:
Current account & Savings account
Find the odd one.
The term bank comes from the French word ______.
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Select the correct option and complete the following table.
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| 2. loans to meet long term capital requirements | ________ |
| 3 ____________ | Account operated by salaried and businessmen both. |
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Correct the underlined word and rewrite the following sentence.
Overdraft facility is available for savings bank account holders.
Explain the following term/concept.
Banking
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Central Bank and Commercial Bank
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Savings Account and Current Account
State four types of deposits.
Explain the utility function of banks?
The word bank comes from French word _______.
Select the correct option.
(no need to carry cash, intangible, fund transfer system, accepting deposits, niche banks in India)
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| A. _____________ | services |
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What is demand deposits?
Justify the following statement.
Business services are necessary.
