A(n) Commercial bank is a profit-seeking organization that receives deposits from individuals and corporations in the form of checking and savings accounts and then uses some of these funds to make loans.
A "commercial bank" is a particular kind of financial institution that accepts deposits, provides checking account services, makes different loans, and gives both individuals and small businesses access to fundamental financial products including certificates of deposit (CDs) and savings accounts.
Most people do their financial transactions through commercial banks. Commercial banks generate revenue through making loans like mortgages, auto loans, business loans, and personal loans and charging interest on those loans. The money needed to finance these loans comes from customer deposits to banks.
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