A commercial bank is unique in that it is the only institution that

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A Makes loans to private people and businessmen
B Accept deposits
C Can store peoples' valuables
D Can transfer money from one place to another for its customers
E Saves money through the granting of credits

Correct Answer: Option B

Explanation:
The mostÂ distinctive featuresÂ of aÂ commercial bankÂ are borrowing and lending, i.e., acceptance of deposits and lending of money to projects to earn Interest (profit).Â

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A commercial bank is unique in that it is the only institution that

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

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