Question

Commercial banks hold deposits and ______ a. charge account holders interest b. pay account holders interest c. charge savers interest d. issue currency e. pay borrowers interest

Answer 1

A commercial bank holds deposits and pays account holders' interests at regular intervals. Hence, the correct choice is option B.

What is a commercial bank?

A commercial bank is an institution that is established as a profit financial organization that accepts deposits, gives loans, and presents different financial services to its customers.

Commercial banks assist satisfy the medium- and short-time period monetary necessities of businesses.

Hence, A commercial bank holds deposits and pays account holders' interests at regular intervals. the correct choice is option B.

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