ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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commercial banks
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credit unions
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savings and loans
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None of the above
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Detailed explanation-1: -They offer a variety of traditional banking services that range from checking and savings accounts to credit card and loan programs.
Detailed explanation-2: -Definitions of full service bank. a financial institution that accepts demand deposits and makes loans and provides other services for the public. synonyms: commercial bank. types: national bank.
Detailed explanation-3: -Commercial banks are often called full-service banks. They offer a wide range of financial services, including checking, savings, and lending.
Detailed explanation-4: -Commercial Banks Banks and similar business entities, such as thrifts or credit unions, offer the most commonly recognized and frequently used financial services: checking and savings accounts, home mortgages, and other types of loans for retail and commercial customers.
Detailed explanation-5: -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