alleryTransferring funds between places using bank drafts, pay orders or mail transfers is:
AAcceptance of deposits
BDiscounting of bills
CUnderwriting of shares
DRemittance of funds
Answer & Solution
Correct answer: D. Remittance of funds
1. Branches are interconnected.
2. A nominal commission is charged.
3. That function is remittance of funds.
_Source: syllabus Business Studies, Chapter 4, Business Services._
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