Question

Which is a profit seeking organization that has both depositors and borrowers and is equally responsible to both

Answer 1

A  profit seeking organization that has both depositors and borrowers is: Commercial banks.

What is commercial bank?

Commercial bank is a financial institution  that offers various product and  services such as:

• Receive or accept deposit
• Give out loan to borrowers
• Operate a saving account and checking account etc

Commercial bank perform important function as they offers loan to their customers.

Therefore a profit seeking organization that has both depositors and borrowers is: Commercial banks.

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