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
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