Question

They accept deposits from savers and make loans to people who need it. They provide various services, such as checking accounts and money market transactions, to facilitate capital exchange between savers and people who need it.

Answer 1

The correct answer is: Commercial banks.

Step-by-step explanation:

Commercial banks are financial institutions that accept deposits, offer checking account services, make business, personal, and mortgage loans and offer basic financial products such as Certificates of Deposit (CD) or savings accounts to a private individual and small businesses facilitating transactions between them.