ECONOMICS
MONEY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Holla My Rolla
|
|
|
Commercial Banks
|
|
|
Credit Unions
|
|
|
Mutual Savings
|
Detailed explanation-1: -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-2: -Commercial bank is a bank that offers services to the general public and to companies. Commercial bank offers the widest range of financial services.
Detailed explanation-3: -The largest bank in the world in terms of total assets under management (AUM) as well as gross revenues is the Industrial and Commercial Bank Of China Ltd. This institution provides credit cards and loans, financing for businesses, and money management services for companies and high net worth individuals.
Detailed explanation-4: -The correct answer is State Bank of India. State Bank of India: The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. It is the largest commercial bank in India.