When banks undertake both commercial and industrial activities; it is termed as __?
When banks undertake both commercial and industrial activities; it is termed as __?
[A]Mixed Banking
[B]Hybrid Banking
[C]Universal Banking
[D]Retail Banking
Mixed BankingWhen the bank undertake both commercial and industrial activities, then this type of banking system is known as Mixed Banking. In other words, Mixed banking system is the system where the commercial banks meet the short-term as well as long-term requirements of industries.