An "investment bank" and a "commercial bank" are synonymous names for a type of financial institution that accepts deposits, offers checking account services, makes business, personal, and mortgage loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses. Group of answer choicesTrueFalse

Define the term Commercial Bank. Explain the main functions of Commercial Banks

(I) Banks are financial intermediaries that accept deposits and make loans. (II) The term "banks" includes firms such as commercial banks, savings and loan associations, mutual savings banks, credit unions, insurance companies, and pension funds.Question 7Answera.Both are false.b.Both are true.c.(I) is true, (II) false.d.(I) is false, (II) true.

Commercial bank assets include banker’s acceptances, commercial papers and discount window loans.2 pointsTRUEFALSE

Which of the following investment referred to as fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental)?*Bank DepositsCurrenciesMutual FundsStocks (Equity)Real EstateInsurance

One significance of commercial banks is that it facilitates payments for smooth flow of money within the economy.2 pointsTRUEFALSE