Commercial Banks Accept Deposits and Makes Loans to Individuals and Businesses

question 163

True/False

Commercial banks accept deposits and makes loans to individuals and businesses.

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Definitions:

Operating Revenue

Income earned from a company's core business operations, excluding revenue from other sources.

Inventory

Goods and materials that a business holds for the ultimate goal of resale, production, or utilization in rendering services.

Asset

An economic resource controlled by an entity that is expected to produce future benefits.

Revenues

The total amounts of money generated by a company from its normal business operations, before any expenses are subtracted.