Question

What is called us collective bank

Answer 1

A collective investment fund (CIF), also known as a collective investment trust, is operated by a bank or trust company and handles a group of pooled trust accounts.

Answer 2

HEY MATE HERE IS YOUR ANSWER

Forests are called as collective bank because forests have many different types of trees ,plants,shrubs,herbs,bushes,medicinal plants,animals,and many other things etc., in a collective way .

But collective banking can be defined as managing the collective Bank transaction volume of a number as organisations as if they were members of single organisation.


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