-
A.
makes loans to private people and businessmen
-
B.
accept deposits
-
C.
can store peoples' valuables
-
D.
can transfer money from one place to another for its customers
-
E.
saves money through the granting of credits
Correct Answer: Option B
Explanation
The most distinctive features of a commercial bank are borrowing and lending, i.e, acceptance of deposits and lending of money to earn Interest (profit).
Report an Error
Ask A Question
Download App
Quick Questions
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}