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Deposit Banking system originated in

AFrance

BGermany

CEngland

DItaly

Answer:

C. England

Read Explanation:

Deposit Banking:


  • Originated in England
  • Deposit banking is also known as Pure banking.
  • It accepts deposits from the public and lends money generally to trade and commerce.
  • They accept deposit for a short period
  • Pure banking is specialized in short term finance
  • In India, Commercial banks acts as Deposit Banks also.


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