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What are the broad categories of commercial banks in the united states? group of answer choices

Sagot :

There are two broad categories of commercial banks in the United States which are- state and national.

A commercial bank refers to a financial institution which performs the functions of accepting deposits from the general public, giving loans for with the purpose of earning profit on it, and it provides various other benefits to its customers.

In the United States, there are two broad categories of commercial banks which comes under state and national banks. Thus, these banks are whether belonging to public sector banks, private sector banks or foreign banks.

Hence, the answer is given and explained above.

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