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Complete the following statements:

(1) Method of withdrawing money without going to the bank is by

(2) The Account in which certain amount of money is deposited every month regularly for a fixed duration is .

(3) Credit creation is an important function of Bank.

(4) Saving Bank Account is suitable for people

(5) Higher rate of interest is paid on deposits.

(6) Currency rate of India to other currency means

(7) system economies the use of cash.

(8) The works as friend, philosopher and guide to Commercial Bank.

(9) Bank grants loans to government.

(10) When money is borrowed or lent for a day, it is known as

(11) A well-developed money market ensures successful implementation of the policy.

1 Answer

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by (37.0k points)
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Best answer

1. ATM

2. Recurring A/c

3. Commercial

4. salaried

5. Fixed

6. exchange rate

7. Clearing House

8. Central Bank

9. Central

10. Call / Notice money

11. monetary

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