An Activity Performed by Commercial Banks That Is Not Performed

question 87

Multiple Choice

An activity performed by commercial banks that is not performed by insurance companies is

• A) functioning as financial intermediaries.
• B) creating financial obligations against themselves.
• C) accepting deposits and offering checking accounts.
• D) allocating financial resources between borrowers and lenders.

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Definitions:

Classification

The process of organizing or sorting items into categories based on their attributes or characteristics.

Sample Surveys

Research methods that collect data from a subset of a population to make inferences about the entire population.

Retirement Age

The age at which a person is typically expected to cease working and is eligible to receive retirement benefits or pensions.

Profession

A type of occupation that requires specialized training, education, or skill, often associated with a particular field or industry.