All financial institutions can also be termed as banking institutions (2024)

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Financial Institutions

All financial...

B

False

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Solution

The correct option is B False

False

A financial institution can be a banking institutions only when it performs the functions of accepting deposits and advancing loans.

Hence, the correct option is (B)


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All financial institutions can also be termed as banking institutions (7)

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All financial institutions can also be termed as banking institutions (2024)
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