Match the column and choose the correct match Column-I Column-IIA. Fiduciary Money I. Commercial BanksB. Financial informal Institution 2. Future payments C. Deffered Payments 3. Money accepted on trust basisD. Collateral 4. Security provided by borrower against a loan
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A - 3
B - 1
C - 2
D - 4
Explanation:
A. Fiduciary Money 3. Money accepted on trust basis
B. Financial informal Institution 1. Commercial Banks
C. Deffered Payments 2. Future payments
D. Collateral 4. Security provided by borrower against a loan
Fiduciary money refers to money accepted on the basis of trust.
Commercial banks are financial information institutions.
Deferred payments will accumulated and affect the future payments.
A collateral is the security provided by a borrower against a loan.
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