The correct answer is Commercial banks.
Commercial banks are primary depository institutions that accept deposits from households and businesses, keep the money safe, and use it to provide loans.
Which of the following are primary depository institutions that accept deposits of households and businesses, keep money safe until it is demanded via checks, and in the meantime use it to make available a wide variety of loans?
Multiple choice question.
The Federal Reserve Banks
Mutual fund companies
Money markets
Commercial banks
1 answer