BANKING AFFAIRS

Detailed explanation-1: -The correct option is B. Commercial Bank. An Institution which accepts Deposits Market Business Loans and offer related services is called Commercial Bank.

Detailed explanation-2: -Commercial Banks A commercial bank is a type of financial institution that accepts deposits, offers checking account services, makes business, personal, and mortgage loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.

Detailed explanation-3: -A commercial bank is a financial institution that provides services like loans, certificates of deposits, savings bank accounts bank overdrafts, etc. to its customers. These institutions make money by lending loans to individuals and earning interest on loans.

Detailed explanation-4: -Primary Functions Accepting Deposits – Commercial banks accept deposits from their customers in the form of saving, fixed, and current deposits. Savings Deposits – Savings deposits allow a customer to credit funds towards their accounts for up to a certain limit.