Questlon 5 of 20
A retail bank helps drive economic growth by:
O A. keeping all deposited funds in reserve at all times.
OB. providing loans and financial services to corporations.
OC. requiring all loans to be paid back within a few weeks.
OD. offering affordable mortgage loans to home buyers.
Answers
The retail bank helps to drive economic growth by keeping all deposited funds in reserve at all times.
Retail banking offered basic services like checking and savings accounts to the public.
Retail banking majorly brings in deposits to make loans to their retail and business customers while commercial banks makes loans to enable businesses to grow and hire people.
So, the retail bank helps to drive economic growth by keeping all deposited funds in reserve at all times.
Therefore, the Option A is correct.
Read more about Retail banking
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Answer: D
Explanation:
Offering affordable mortgage loans to homes buyers
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