Banking Awareness - Basics Of Banking & Banking Terminology
Which primary function forms the base for all other banking activities?
Which primary function forms the base for all other banking activities?
hard Q9 of 15
Step-by-Step Solution
Step 1: Identify foundational activity
Other functions depend on availability of funds.Step 2: Match with base function
Deposits provide the base funds for lending and credit creation.Final Answer:
Accepting deposits → Option AQuick Check:
No deposits means no lending or credit creation ✅
Quick Trick: Deposits come first in banking.
Common Mistakes:
- Assuming lending can exist without deposits.
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