Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. true or false statement i. rural and cooperative b

True or false Statement I. Rural and cooperative banks promote and expand the rural community...

90.2K

Verified Solution

Question

Accounting

True or false

Statement I. Rural and cooperative banks promote and expand the rural community by mobilizing savings and extending loans and other financial services to farmers to help with the purchase of seeds, livestock, fertilizers, and other farm inputs and the marketing of their produce.

Statement II. There are several types of non-bank financial institutions offering a wide variety of services such as investment houses, financing companies, investment companies, islamic banks, securities dealers/brokers, and lending investors.

Statement III. Thrift banks include savings and mortgage banks, private development banks, stock savings and loan associations and microfinance thrift banks. They accumulate the savings of depositors and provide housing loans and financing for short-term working capital as well as medium- and long-term financing to small and medium scale enterprises engaged in agriculture, services, and industry.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students