Question

There is no difference between primary deposit and secondary deposit of a commercial bank. (State whether the statement is TRUE or FALSE)

Answer 1

Ur answer is false.. .....

Because there is difference between primary deposit and secondary deposit of a commercial bank .

Hope it helps

Answer 2

Answer:

False

Explanation:

As per the question

There are many difference between primary deposit and secondary deposit of a commercial bank

Primary deposit:

* Accepting Deposit

* Making advance

* Credit Creation

Secondary deposit :

* Clearance of cheque

* Sale/ Purchase of shares/ Bond

* Transfer of money

* To works trusty

* To work as representatives

* To provided letter of credit