Multiple Choice
The Tucana Bank of Commerce pools customer deposits and uses the funds to make loans to businesses and households.These businesses and households,now known as the borrowers,pay the bank interest,and the bank,in turn,pays depositors interest for the use of their money.Which of the following would best describe the process used by the bank?
A) Foreign exchange
B) Direct transfer
C) Indirect transfer
D) Barter system
Correct Answer:
Verified
Correct Answer:
Verified
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