What is the business of accepting deposits and lending money called?

Related MCQs

• Privately owned banks operating cheque current accounts, receiving deposits, taking in and paying out notes and coins and making loans are generally called
• The accumulation of idle money balances or inactive money is called:
• The smaller the Cash Reserve Ratio, the scope for lending by banks is :
• Which among (he following is not the outcome of decrease in prime lending rate?
• Bank deposits that can be withdrawn without notice are called -
• The bank account on which deposits do not earn interest, but can be with drawn by cheque at any time is called:
• If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should -
• "Bad money will drive out good money from circulation." This is known as :
• The account with a bank or other financial institution in which deposits earn interest and withdraws from which require notice is referred to as:
• Enterprise is the controlling unit of a business. The operating unit of a business is called: