ECONOMICS
ECONOMIC INSTITUTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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commercial bank
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credit union
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school
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financial counselor
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Detailed explanation-1: -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-2: -Commercial Banks A financial institution that engages in various financial services, such as accepting deposits and making loans.
Detailed explanation-3: -Accepting money on various types of Deposit accounts. Lending money by overdraft, and loans both secured and unsecured. Providing transaction accounts. Cash management. Treasury management. Private equity financing. Issuing Bank drafts and Bank cheques. More items
Detailed explanation-4: -Commercial Banks. Commercial banks are generally stock corporations whose principal obligation is to make a profit for their shareholders. Savings and Loans/Savings Banks. Credit Unions.