A commercial bank is unique in that it is the only institution that
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: B
Explanation
The most distinctive features of a commercial bank are borrowing and lending, i.e., acceptance of deposits and lending of money to projects to earn Interest (profit).Â
