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Each of the following is a function of a bank EXECPT:

A. Pay interest
B. Transfer money
C. Receive loans
D. Accept deposits

User Swille
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2 Answers

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Answer:

A. Pay interest.

Step-by-step explanation:

Previously, all of these choices were functions of a bank, though, paying interest was removed because there was no direct link, hence, banks are immune if rates are to be raised by the federal government.

Though, banks may pay interest in terms for loans or other factors, such as when you leave a certain amount of money in your account, as the bank does whatever it does necessary, it will pay interest back to you over time.

User RyanS
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the answer is a. pay interest
User EvilWeebl
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