Which of the Following Is Not True About Commercial Banks

question 31

Multiple Choice

Which of the following is not true about commercial banks?

• A)Commercial banks are corporations chartered under federal and state regulations.
• B)Accounts in federally chartered commercial banks are insured against loss by the Bank Insurance Fund of the Federal Deposit Insurance Corporation.
• C)Commercial banks offer numerous consumer services.
• D)Commercial banks generally pay depositors an interest rate about 0.10 to 0.20 percentage points higher than the rate found at savings banks.

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Definitions:

Injunctive Norm

Social norms that dictate what is perceived as approved or disapproved behavior within a society or group.

Descriptive Norm

A norm that describes how people actually behave in a given situation, rather than how they should behave.

Injunctive Norm

A social norm that prescribes how individuals should behave in a given context, based on the approval or disapproval of others.

Counternormative

Behaviors or practices that go against social norms or expectations, challenging conventional standards.