Question

7.One of the following is not a responsibility or duties of the loan committee
a.Ascertain the reasons for renewal
b.To ensure that loans are given out to all customers
c.Review major loan renewals
d.To review major new loans

8.Discount Houses provide all the following sources of fund_______
a.Deposits
b.Short-term borrowing
c.Reserves
d.Call money

Answer 1

7. b

8. b,c,d