Which among the following is an ancillary function of a bank?
Show Hint
- Foreign Exchange
- Credit Creation
- Demand Deposits
- Lending of Funds
The Correct Option is A
Solution and Explanation
Ancillary functions of banks include services provided in addition to their primary functions.
Foreign Exchange is an ancillary function, involving currency conversion and international trade facilitation.
Credit Creation, Demand Deposits, and Lending of Funds are primary banking functions.
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