Q979
Banks such as Bank of America serves a range of savers and borrowers are classified as
A.
transfer banks
B.
commercial banks
AnswerC.
serving banks
D.
nation's banks
Answer: Option B
Solution
Answer: Option B
Solution:
Banks such as Bank of America serves a range of savers and borrowers are classified as commercial banks. Commercial banks make money by providing loans and earning interest income from those loans.