One profitable form of business undertaken by the commerc...
One profitable form of business undertaken by the commercial banks is
The issuing of cheques
The payment of standing order
Lending money to borrowers
Accepting cheques from customers
Correct answer is C
Lending money to borrowers is one profitable business undertaken by the commercial banks. These banks lend money to borrowers and charge interest for the amount lend for the duration of the loan. The interest paid by borrowers is the lender's (bank) is the profit.
In order to reduce hardship faced by consumers due to high prices government can introduce ...
The income elasticity of a normal good is ...
The rate of exchange between a domestic and a foreign currency is defined as the ...
The factor of production that has the highest degree of mobility is__________? ...
Which of the following is not an international economic organization? ...
An increase in money supply, other things being equal, will ...