which of the following is not a financial service?
a) Accepting deposits
b) under writing the issuance of a financial products
c) providing payment services
d) Raising money from securities market
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A) Accepting deposits
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b) Underwriting the issuance of a financial product is not a financial service.
- Financial services include any kind of service involving the exchange of currency or management of assets.
- Accepting deposits, and providing payment services means a person is offering or lending money to another person.
- Underwriting of issuance is an agreement between two parties where one party promises to give payment in case of loss. No exchange of money takes place in this case.
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