Retail banks primarily offer personal banking services such as checking and savings accounts, personal loans, and credit cards to the general public, which includes branch banking facilities, current accounts, and overdraft facilities.

Solved

A Retail Bank

Question 20

Multiple Choice

A retail bank

A) specialises in granting loans for house purchases.
B) acts as brokers, arranging loans for companies from a number of different sources.
C) provides branch banking facilities, current accounts and overdraft facilities.
D) specialises in providing hire- purchase finance for consumer durables.

Correct Answer: