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Retail Banking consists of all the following except:

A) Commercial Construction Loan
B) Term Deposits
C) Check Accounts
D) Recurring Deposits
E) Vehicle Loans

1 Answer

3 votes

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

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