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A firm accepts and keeps funds for several people with the promise that they can withdraw them anytime they want.The same firm then lends the funds to borrowers. Which of the following best identifies this type of firm?

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MCQs on the importance of money, banking, and financial markets of a developed economy.


A firm accepts and keeps funds for several people with the promise that they can withdraw them anytime they want.The same firm then lends the funds to borrowers. Which of the following best identifies this type of firm?





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