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Discussion

Every Payment Banks are required to invest ___ % of its demand deposit balance into government securities.

  • A.75 %
  • B.50 %
  • C.60 %
  • D.40 %

Answer: A

75 %. Money collected from depositors can be invested either in government bonds or can be deposited with other commercial banks.Every Payment Banks are required to invest 75 % of its demand deposit balance into government securities.

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