A commercial bank is unique in that it is the only institution that
-
A.
makes loans to private people and businessmen -
B.
accept deposits -
C.
can store peoples’ valuables -
D.
can transfer money from one place to another for its customers -
E.
saves money through the granting of credits
Correct Answer: Option B
Explanation
The most distinctive features of a commercial bank are borrowing and lending, i.e., acceptance of deposits and lending of money to projects to earn Interest (profit).