A privately owned,profit-seeking firm that serves individuals,non-business organizations,and businesses as a financial intermediary is known as a chartered bank.

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A chartered bank is a privately owned, profit-seeking financial institution that acts as an intermediary by accepting deposits and providing loans to individuals, non-business organizations, and businesses.

A Privately Owned,profit-Seeking Firm That Serves Individuals,non-Business Organizations,and Businesses as a Financial