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Curriculum-aligned learning paths for students in Classes 6-12.

CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

Which of the following stateme...

Single Answer MCQ
Q-00045413

Which of the following statements about bank loans is true?

1

Banks only issue loans to large corporations.

2

Banks can lend out most of the deposits while maintaining a small reserve.

3

Each loan given reduces the bank's overall liquid assets.

4

Banks cannot charge interest on loans.

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