Which of the following is not a service provided by a commercial bank?
A) Checking and savings accounts
B) FDIC insurance on all deposits with no maximum limit
C) Personal loans
D) Mortgage loans

Question

Quizplus · Accepted Answer

FDIC insurance, provided by the Federal Deposit Insurance Corporation, insures deposits up to a certain limit, not with no maximum limit. Commercial banks offer services like checking and savings accounts, personal loans, and mortgage loans, but the FDIC insurance has a maximum coverage limit.

Which of the Following Is Not a Service Provided by a Commercial