Question

Match the different activities to the responsibilities of relevant banks

Answer 1

Answer:

Federal bank:

•provides financial services to the government

•regulates safe and lawful operations

Conducts nation’s monetary policies

Other commercial banks:

•accepts deposits from people

•lends money through to consumers and businesses

Explanation:

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(Plato/edmentum)

Answer 2

The different activities are matched as per responsibilities :

Federal bank

• Gives all financial services to the government
• regulates safe and the lawful operations
• Maintains nation’s monetary policies

Other banks :

• Accepts the deposits from the people.
• They lend the money to consumers and businesses

Waht is a federla bank ?

A federal bank is one that acts as the central bank and is commonly found in the US.

These banks are responsible for conducting activities like giving all financial services to the govt and maintaining the nation's monetary policy. While the other banks are responsible for accepting the deposit from people and lending the money to consumers and businesses.

Find out more information about the banks

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