The Two Major Functions of Commercial Banks Are to

question 76

Multiple Choice

The two major functions of commercial banks are to

• A) maintain checking accounts and lend money to individuals and firms.
• B) print and circulate money and serve as lenders of last resort.
• C) store gold and stabilize financial markets.
• D) provide for-profit services such as money orders and traveler's checks and to store people's valuables.
• E) supervise the financial activities of thrift institutions and maintain monetary stability.