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Commercial Banks 101

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Questions and Answers

What is the primary service that commercial banks offer to the public?

Transaction (checking) accounts (correct)

Mortgage loans

Credit cards

Investment advice

What is the principal asset of commercial banks?

Bonds

Investment securities

Stocks

Loans made directly to borrowers (correct)

What is the role of commercial bank checking accounts in the economy?

They are used for investment purposes

They are primarily used by individuals for personal transactions

They are only accepted by certain businesses

They are the principal means of payment (correct)

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Description

"Test Your Knowledge on Commercial Banks: Understanding Their Services and Functions" - Take this quiz to learn more about the services offered by commercial banks, including transaction accounts and direct loans. Test your knowledge on the functions of commercial banks and gain a better understanding of their role in the financial industry. Keywords: commercial banks, services, functions, transaction accounts, direct loans, financial industry.