Business Services-2 — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-22 Marks
Question
Which financial functions bank perform on behalf of customers ?
✓
Answer
Banks on behalf of customers pay the amount of cheques written by them and recover the money of cheque.
Above all, this bank on behalf of customers pay electricity bill, telephone bills, taxes, insurance, premium and transfers money from one account to another.
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