A bank that primarily makes its loans to individuals,families,and small businesses is categorized as:

Question

Quizplus · Accepted Answer

A retail bank is a type of bank that primarily deals with individual customers, families, and small businesses. They offer a range of services such as checking and savings accounts, personal loans, mortgages, credit cards, and other consumer-oriented products. Wholesale lenders and money center banks, on the other hand, focus on large corporate and institutional customers, while money market banks primarily deal with short-term investments and securities. Therefore, option A is the best choice for this question.

A Bank That Primarily Makes Its Loans to Individuals,families,and Small