Concept:Development banks provide long-term finance for development projects, while commercial banks deal with everyday banking needs.
Explanation:The phrase “the latter” refers to development banks.
Development banks mainly finance agriculture, industry, and infrastructure over a long period.
They do not lend on a short-term basis, so Option A is incorrect.
They do not rely on current accounts or pay interest on current accounts only, so Option B is incorrect.
Development banks are generally owned or promoted by the government and are not mostly joint-stock companies, so Option C is incorrect.
Commercial banks deal in foreign currencies, but development banks do not deal in foreign currencies.
Thus, the correct distinguishing feature is that development banks do not deal in foreign currencies.
Answer:D. do not deal in foreign currencies