Question

Commercial banks act as intermediaries in the financial system to ______.

1. make profits
2. accelerate the country's economic growth
3. mobilise the saving and allocating them to various sectors of the economy
4. control the credit

Options

• only a

• a and b

• b and c

• a, b, c and d

Answer 1

only a

Commercial banks act as intermediaries in the financial system to make profits.

Explanation:

• Their primary motive is to make profits
• Economic growth, credit control, and savings mobilisation are seen as secondary effects and not their main objective, according to some viewpoints.