use the term Commercial Banks to answer the question below Explain the purpose of this type of financial institution. Does this type of financial institution have different categories? (For example, commercial banks can be national, regional, local, or online.) Depository or Non-Depository? Explain. What are the primary services and products this type of financial institution offers clients/customers? How do they generate revenue/income? Is any of this revenue/income given back to the customers? Is there any type of insurance covering customers in case of failure for this financial institution? Find one (real life) example of this type of financial institution. For this example, include the following information: Name of institution Location (main branch/home office) List of products/services How do they advertise to acquire new customers? Why would a customer choose this particular institution over its competitors? (You will have to explore their website and competitors’ websites to figure this out.) Find a newspaper/magazine/online article, short video, online post or some item of public news concerning your type of financial institution. Give a short description of this piece of news and how it is relevant/implications to the customers.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter8: Business Organizations

Section: Chapter Questions

Problem 15AA

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use the term Commercial Banks to answer the question below

Explain the purpose of this type of financial institution.
Does this type of financial institution have different categories? (For example, commercial banks can be national, regional, local, or online.)
Depository or Non-Depository? Explain.
What are the primary services and products this type of financial institution offers clients/customers?
How do they generate revenue/income? Is any of this revenue/income given back to the customers?
Is there any type of insurance covering customers in case of failure for this financial institution?
Find one (real life) example of this type of financial institution. For this example, include the following information:

Name of institution
Location (main branch/home office)
List of products/services
How do they advertise to acquire new customers?
Why would a customer choose this particular institution over its competitors? (You will have to explore their website and competitors’ websites to figure this out.)
Find a newspaper/magazine/online article, short video, online post or some item of public news concerning your type of financial institution. Give a short description of this piece of news and how it is relevant/implications to the customers.

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