Banking & Finance
Quick practice
Question 1 of 5
Consider the following statements about banks and non-banks :
1.Both have different functions.
2.The main difference is that non-bank does not allow its depositors to withdraw money from their accounts.
Which of the statements given above is/are correct ?
A
Both 1 and 2
B
2 only
C
1 only
D
Neither 1 nor 2
Concepts
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