Question

Q-4 Arrange the following in the correct sequence -
i. Banks charge more interest on loans than interest paid by banks on
deposit
ii. Bank use major part of deposit to give loans.
iii. The difference in interest charged on loan and paid by banks is the
profit or income of the bank.
iv. Banks act as a mediator between those who have surplus money and
those who need loans
a. l-iv-iii-ii
c. iv-i-ii-iii
b. iii-iv-i-ii
d. ii-iv-i-iii​

Answer 1

Answer:

option c. iv-i-ii-iii is correct

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