184k views
1 vote
While banking deregulation has changed the nature of services offered by different financial institutions, which type of financial institution has traditionally offered the widest range of banking services?

User Godspped
by
5.1k points

1 Answer

5 votes

Answer: Commercial Banks

Explanation: Commercial Banks is a financial institution that provides financial services such as demand deposits, loans to individuals and / or legal entities, financing and investment options.

Commercial banks are places intended for basic financial activities.