1
Question
A commercial bank is a financial institution which provides __________.
A commercial bank is a financial institution which provides __________.
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Solution
The correct option is D all of the above
A commercial bank is that financial institution
which accepts deposit from people and offers loan for the purpose of
consumption or investment. Commercial banks provide consumer loans for the purpose of consumption of goods and services in the economy, business loan for the purpose of investment on the production and distribution of goods and services in the economy and savings account facility where they accept deposits from people who want to create savings against a nominal rate of interest.
A commercial bank is that financial institution which accepts deposit from people and offers loan for the purpose of consumption or investment. Commercial banks provide consumer loans for the purpose of consumption of goods and services in the economy, business loan for the purpose of investment on the production and distribution of goods and services in the economy and savings account facility where they accept deposits from people who want to create savings against a nominal rate of interest.
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