Asked by Praise Jesus
Holding the money deposits of businesses and households and making loans to the public are the basic functions of
Multiple Choice
the district banks of the Federal Reserve System.
commercial banks and thrift institutions.
the Federal Open Market Committee and the Board of Governors.
the Federal Deposit Insurance Corporation and the Federal Savings and Loan Insurance Corporation.
Multiple Choice
the district banks of the Federal Reserve System.
commercial banks and thrift institutions.
the Federal Open Market Committee and the Board of Governors.
the Federal Deposit Insurance Corporation and the Federal Savings and Loan Insurance Corporation.
Answers
Answered by
GPT-4o mini
The correct answer is: **commercial banks and thrift institutions.**
These institutions are primarily engaged in accepting deposits and making loans.
These institutions are primarily engaged in accepting deposits and making loans.