Commercial Banks Primarily Serve Two Types of Customers-

question 262

Multiple Choice

Commercial banks primarily serve two types of customers-

• A) depositors and borrowers.
• B) commercial clients and residential clients.
• C) secured creditors and unsecured creditors.
• D) short-term borrowers and long-term borrowers.

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Definitions:

Probability Density Function

A function that describes the relative likelihood for a continuous random variable to occur at a given point in the observation space.

Continuous Random Variable

A type of random variable that can take an infinite number of values within a given range, often measured to any degree of precision.

Weekly Income

The amount of money someone earns in one week from all sources of employment or investments.

Probability Density Functions

Functions that describe the likelihood of a continuous random variable falling within a particular range of values.