Banks that emphasize on lending to commercial customers are categorized as:
A)wholesale banks.
B)retail banks.
C)personal banks.
D)investment banks.
E)regional banks.

Question

Quizplus · Accepted Answer

Wholesale banks primarily focus on providing services to businesses, corporations, and financial institutions. They offer services like cash management, foreign exchange, trade finance, and lending to these clients. This distinguishes them from retail banks that deal with individual customers and personal banking services like savings accounts, checking accounts, mortgages, and loans. Therefore, the correct option is wholesale banks.

Banks That Emphasize on Lending to Commercial Customers Are Categorized