Which of the following best exemplifies the general utility function of a commercial bank related to customer assets?
AProviding overdraft facilities
BSafe custody of valuables in lockers
CGranting term loans
DDiscounting bills of exchange
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Related Questions:
When a commercial bank issues letters of credit on behalf of customers, this function primarily serves to:
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--- ensures payment of the sum assured to the policy holder or to his nominee either at the end of the period or on death of the assured.
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