Question

The system which accepts deposits from the public and provide short term and long term loans for industry and trade is known as

• A. Retail banking
• B. Mixed banking
• C. Central banking
• D. Investment banking

Answer 1

Answer:

B. Mixed banking

Mixed Banking:

• Mixed banking originated in Germany.
• Mixed Banking is a system is basically stands for the combination of two banking models like Commercial Banking and Industrial Banking
• They accept deposits from public and provide short term and long term loans for industry and trade.
• The German banking system and Japanese banking system are the best examples for mixed banking.