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FINANCIAL MARKET — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMFINANCIAL MARKET3 Marks
Question
What is a depository participant?
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Answer

Depository participant:
Intermediaries or agents that provide depository services on behalf of depositories to the customers are called depository participant $(DP).$
Banks, financial institutions, share broker, etc. can work as a Depository Participant.

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