Retail banks primarily offer personal banking services such as checking and savings accounts, personal loans, and credit cards. They operate through branch networks, providing customers with facilities to manage their day-to-day finances including current accounts and overdraft facilities.

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A Retail Bank

Question 7

Multiple Choice

A retail bank

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

Correct Answer: