Which of these is NOT a service typically provided by commercial banks related to account transactions? A) Directly issuing government bonds to customers. B) Safeguarding of valuab... Which of these is NOT a service typically provided by commercial banks related to account transactions? A) Directly issuing government bonds to customers. B) Safeguarding of valuables. C) Transfer of money between accounts. D) Receiving and payment of dividends.
Understand the Problem
The question is asking us to identify which option does not represent a typical service offered by commercial banks in relation to account transactions. We will analyze each option against common banking services.
Answer
Directly issuing government bonds to customers.
The final answer is A) Directly issuing government bonds to customers.
Answer for screen readers
The final answer is A) Directly issuing government bonds to customers.
More Information
Commercial banks typically do not directly deal with the issuance of government bonds to customers. Such activities are usually handled by investment banks or government entities. The services relating to safeguarding valuables, transferring money, and managing dividends are common offerings of commercial banks.
Tips
One common mistake is confusing the issuance of securities with the investment services offered by banks, which can include facilitating investments in government bonds but not directly issuing them.
Sources
- Glossary of Banking Terms and Phrases - HelpWithMyBank.gov - helpwithmybank.gov
AI-generated content may contain errors. Please verify critical information
