A___________ accepts both demand and time deposits and primarily makes loans directly to both individual and business borrowers or through the financial markets.

Question

Quizplus · Accepted Answer

Commercial banks accept both demand and time deposits and primarily make loans directly to both individual and business borrowers. Trust companies primarily manage trusts and estates, credit unions are member-owned financial cooperatives, and mutual funds primarily invest in securities.

A___________ Accepts Both Demand and Time Deposits and Primarily Makes