Final answer:
Retail banking consists of various financial services provided to individuals and small businesses. The options given are: Commercial Construction Loan, Term Deposits, Check Accounts, Recurring Deposits, and Vehicle Loans. The correct answer is Commercial Construction Loan as it is not typically part of retail banking services.
Step-by-step explanation:
Retail banking consists of various financial services provided to individuals and small businesses. The options given are:
- Commercial Construction Loan: This is a type of loan provided by banks to fund construction projects for commercial purposes. It is not typically part of retail banking services.
- Term Deposits: These are fixed-term deposits where individuals or businesses deposit a specific amount for a fixed period of time and earn interest. They are considered a common retail banking service.
- Check Accounts: Also known as checking accounts, they allow individuals to deposit money, write checks, and make payments. They are a key service offered by retail banks.
- Recurring Deposits: This refers to a type of deposit account where individuals deposit a fixed amount at regular intervals for a specific period of time. They are offered by retail banks under savings schemes.
- Vehicle Loans: These loans are provided by retail banks to individuals who want to purchase a vehicle. They are a common retail banking service.
Therefore, the answer is Commercial Construction Loan (option A), as it is not part of retail banking services.