What is a commercial bank?

1. What is a commercial bank?

  1. A financial institution that accepts deposits, offers to check account services
  2. An organization that is, generally, formed independently from the government
  3. Legal entity representing an association of people
  4. Precise kind of business structure found only in India

Answer: A) A financial institution that accepts deposits, offers to check account services

Explanation:

A commercial bank is a place where the vast majority do their banking. Commercial banks bring in cash by giving and acquiring revenue from advances, for example, contracts, car advances, business credits, and individual advances. Client stores give banks the money to make these advances.

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