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Which of the following is not an innovative services?

  • Accepting deposits is not considered an innovative service.
  • Accepting deposits is a basic function of banks, and it involves taking money from customers and holding it in their accounts, paying interest on the deposits, and using the funds to make loans and investments.
  • Merchant banking, factoring, and leasing, on the other hand, are examples of innovative financial services that provide specialized and value-added services to customers.
  • Merchant banking involves providing advisory and financial services to businesses, including underwriting, fundraising, and merger and acquisition (M&A) services.