Question

A commercial bank is best described as ______.

Options

• A government office that collects only taxes from the public

• A financial institution that deals with money and credit and links savers with borrowers

• A cooperative society that provides only agricultural loans

• A non-profit organisation that distributes charity funds

Answer 1

A commercial bank is best described as a financial institution that deals with money and credit and links savers with borrowers.

Explanation: 

A commercial bank is a financial institution that deals with money and credit and acts as an intermediary between people who save and people who need money.