Financial Awareness - Risk, Stability & Emerging Finance
Which of the following is the primary function of a bank?
Which of the following is the primary function of a bank?
easy Q1 of 15
Step-by-Step Solution
Step 1: Understand the primary role of banks
Banks primarily accept deposits from the public as a fundamental function.Step 2: Analyze other options
Issuing insurance policies is done by insurance companies, consultancy services are advisory, and manufacturing financial products is not a banking function.Final Answer:
Accepting deposits from the public → Option BQuick Check:
Primary bank function = accepting deposits ✅
Quick Trick: Remember: Banks are deposit-taking institutions.
Common Mistakes:
- Confusing banks with insurance or advisory firms.
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