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The system which accepts deposits from the public and lends money generally to trade and commerce is known as

AInvestment banking

BRetail banking

CPure banking

DPersonal banking

Answer:

C. Pure banking

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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