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I believe the answer is: A. a retail bank
Retail bank is the type of bank that focus on serving personal customers for their daily needs.
- Saving and loans usually serve the customers who want to obtain loan to fund their business.
- Commercial bank usually used by someone who are guidance to manage their finance
- Investment bank facilitates the purchase of various investment products (such as stocks and bonds)
The student must open a retail bank in the bank as it gives them the facility of the opening of a free checking account.
A retail bank may also be regarded as consumer banking or personal banking. It gives services to the general public, rather than to companies. Therefore, individuals may just deposit their funds and avail credits in order to manage their funds effectively.
However, a savings and loan bank refers to financial institutes that provide credit to people. The commercial bank offers all banking-related services to individuals of the society as well as to businesses. Investment bank deals with investment-related services, especially to investors and companies.
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