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Retail Banking Industry And Processes MCQs

How does a bank make money by providing currency exchange services to its customers?

By charging the customers a slightly higher exchange rate than the rate it pays

By cheating the customers on the exchange rate

By forcing them to deposit the money in their bank

By asking the customers to introduce five friends to the bank as customers

Answer

Correct Answer: By charging the customers a slightly higher exchange rate than the rate it pays

Explanation:

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