Question

--- is otherwise known as borrowing by the Commercial banks.

• A. issuing loans
• B. conducting foreign exchange transactions
• C. performing cash management services
• D. accepting deposits

Answer 1

Answer:

D. accepting deposits

FUNCTIONS OF COMMERCIAL BANKS

Functions of Commercial Banks are broadly classified into two. 

1. Primary Functions 

2. Secondary Functions 

Primary Functions

• Accepting Deposits 

• Advancing Loans 

Secondary Functions

• Agency Services 

• General utility Services 

ACCEPTING DEPOSITS:

• Otherwise known as borrowing by the Commercial banks.

• They accept deposits in different forms such as Current Deposits and Savings Bank Deposits.