Which of the following tasks are performed by banks?
(i) Print new money.
(ii) Provide zero-interest loans.
(iii) Create long-term loans from short-term deposits.
(iv) Pool savings from many savers.
A) (i) and (ii)
B) (iii) and (iv)
C) (i) and (iv)
D) (iii) only
Correct Answer:
Verified
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