H) Answer in one sentence
1) what is a letter of credit?
2) which facility is given to current account holder?
3) what do you mean by stop payment of cheque?
4) what is demand deposit?
5) what is the time deposit?
6) what do you mean by loan?
7) what is bills of exchange?
Answers
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Answer:
6) loan are two types
1) formal loan
a lone taken by Bank
2) informal lone
a lone taken by friends relatives
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