Which of these is not commercial bank service ?
a) ATM
b) Extending banks Nation wide
c) Clearing House
d) M-banking
Answers
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Answer:
clearing House
Explanation:
because cleaning is not a commercial bank service
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c)Clearing House is not a commercial bank service.
Explanation:
A clearing house is a financial institution formed to perform various forms of payments, exchanges, and securities. It is a trade between two firms namely a buyer and seller in a financial market.
- An Automated Teller Machine(ATM) is an electronic device that provides cash, deposits, and withdrawals services given by bank.
- Extending banks nationwide is also a service provided by banks to extend their reach.
- Mobile banking (M-banking) is also another service provided by banks to ease customers' work.
Hence, all these services come under the function of a commercial bank but not a clearinghouse.
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