Commercial banks provide loans directly to consumers and businesses or aid individuals in obtaining financing of durable goods and homes.

Question

Quizplus · Accepted Answer

This statement is true. Commercial banks are financial institutions that provide loans directly to consumers and businesses. They also aid individuals in obtaining financing for durable goods, such as cars and appliances, as well as for homes, through mortgages.

Commercial Banks Provide Loans Directly to Consumers and Businesses or Aid