WHICH OF THE FOLLOWING IS A PRIMARY FUNCTION OF BANKS

27.

Which of the following is a primary function of banks?

(a) Collection and payment of cheques, rent, interest, etc, on behalf of their customers

(b) Buying, selling and keeping in safe custody, the securities on behalf of their advice

(c) Acting as trustees and executors of the property of their customers on their advice

(d) Remitting money from one place to the other through bank drafts or mail or telegraphic

transfer

(e) Accepting deposits