Home » Economics » The most important economic characteristic differentiating commercial banks from other financial institutions is their?

The most important economic characteristic differentiating commercial banks from other financial institutions is their?

The most important economic characteristic differentiating commercial banks from other financial institutions is their?
  • A.
    function as a safe and profitable store place for savings
  • B.
    role in financing balance of payment deficits
  • C.
    status as an intermediary between savers and borrowers
  • D.
    ability to create and destory money
Correct Answer: Option C
Explanation