Which of the Following Is Correct About Banks

question 49

Multiple Choice

Which of the following is correct about banks?

• A) Banks are financial intermediaries that do not get funds from depositors.
• B) Banks attract deposits from savers to lend to borrowers, and earn a profit on the difference between the interest paid by depositors and the interest charged to borrowers.
• C) Banks aim to attract home buyers.
• D) Banks do not feel the need to inspire depositor confidence.
• E) None of these statements are correct.

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Definitions:

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The pursuit of an activity for external rewards, such as money or fame.

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To receive money as a result of working for an employer.

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A condition characterized by having more body fat than is optimally healthy, often defined by a Body Mass Index (BMI) over 25.

Teenagers

Individuals who are in the age group that starts from 13 to 19 years, a period marked by puberty, identity exploration, and emotional development.