Multiple Choice
Which statement is most correct about the types of deposits a commercial bank can accept?
A) A commercial bank accepts checking,savings and time deposits.
B) A commercial bank can only accept checking deposits from commercial enterprises.
C) A commercial bank accepts savings and time deposits,but not checking deposits.
D) A commercial bank does not accept deposits but sells shares.
E) A commercial bank can accept loan deposits,reserve deposits,and checkable deposits.
Correct Answer:
Verified
Correct Answer:
Verified
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