Question

While banking deregulation has changed the nature of services offered by different financial institutions, which type of financial institution has traditionally offered the widest range of banking services?

Answer 1

its commercial banks

Answer 2

A bank is simply an institution that continuously provides "the widest range of financial services especially credit, savings, and payment services." In addition, the history of banking can be traced back to the ancient civilisations wherein loans are already made to farmers as their goods get transported from city to city.