Financial Awareness - Risk, Stability & Emerging Finance
Which of the following is a general utility function of commercial banks?
Which of the following is a general utility function of commercial banks?
medium Q5 of 15
Step-by-Step Solution
Step 1: Understand general utility functions
General utility functions include services like providing locker facilities to customers.Step 2: Analyze options
Issuing letters of credit is an agency function; granting loans and accepting deposits are primary functions.Final Answer:
Providing locker facilities → Option AQuick Check:
General utility function = Providing locker facilities ✅
Quick Trick: General utility = Customer convenience services
Common Mistakes:
- Mixing agency and primary functions with utility functions
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