ECONOMICS (CBSE/UGC NET)

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: -Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers. Financial institutions can vary by size, scope, and geography.

Detailed explanation-3: -financial institution. Any organization or business that provides services related to money.

Detailed explanation-4: -These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, taxes and accounting, and investment funds.

Detailed explanation-5: -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.