Question

Banking may be subdivided into at least three categories of banks. Match the definitions with the appropriate name.

I. A bank that specializes in retail or consumer banking in a local market
II. A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services
III. A bank that is located in a financial center and relies on nondeposit or borrowed sources of funds for a significant portion of its liabilities
A. money center bank; community bank; super-regional bank
B. community bank; money center bank; super-regional bank
C. super-regional bank; money center bank; community bank
D. money center bank; super-regional bank; community bank
E. community bank; super-regional bank; money center bank

Answer 1

E. community bank; super-regional bank; money center bank

Step-by-step explanation:

Commercial bank that is owned and operated by the local working community. These financial institutions do not have a national presence and can only be found in certain areas. A super regions bank is a bank that operates in at least two states of the federation.

Money center banks are banks that raise most of their funds from the domestic and international money marks, relying less on depositors for funds.