GNS 212 PRACTICE QUESTION

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1. A financial institution that mobilizes savings and channels same to productive units is called

A. Bank B. School C. Microfinance D. Interest

2. Banks undergo these transformations except

A. Risk B. Liquidity C. Maturity D. None of the above

3. Which of these transformations guarantee both the saver and the borrower

A. Maturity B. Risk C. Liquidity D. All of the above