Which of the following offers a full range of financial services including checking, savings, lending, and other services?
Understand the Problem
The question is asking for the type of financial institution that provides a comprehensive range of services such as checking, savings, and lending. It presents multiple choice answers, suggesting it is part of a quiz or assessment.
Answer
A commercial bank
The final answer is a commercial bank.
Answer for screen readers
The final answer is a commercial bank.
More Information
Commercial banks provide a comprehensive array of services essential for both individuals and businesses, including loans, deposits, and transaction services.
Tips
A common mistake might be assuming that other institutions like check-cashing outlets or pawnshops offer full services similar to commercial banks.
Sources
- The web page with info on - 6clicks - 6clicks.com
- Chegg.com - Solved Question - chegg.com
- Study.com - Explanation Article - homework.study.com
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