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Retail Banking Industry And Processes MCQs

What is meant by the term "Bank Spread"?

The difference between the interest rate a bank charges from a borrower and the interest rate a bank pays to a depositor

A product offered to high net worth individuals that pays a higher interest rate

The difference in foreign exchange rates among banks

The fees a bank charges from its customers

Answer

Correct Answer: The difference between the interest rate a bank charges from a borrower and the interest rate a bank pays to a depositor

Explanation:

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