Which of the Following Is True

Multiple Choice

Which of the following is true?

A) None of these
B) Commercial banks are the only legal type of financial intermediary.
C) Banks are prohibited by law from earning a profit.
D) It is customary to pay a higher interest rate on a loan than you would receive on your savings account from the same bank.
E) A bank earns a profit by lending at a lower rate than it pays its depositors.