Commercial Loan Officer Question: Download Commercial Loan Officer PDF
Tell us what is commercial bank?
Answer:
Commercial bank is owned by the group of individuals or by a member of Federal Reserve System. The commercial bank offer services to individuals, they are primarily concerned with receiving deposits and lending to business. Such bank earns money by imposing interest on the loan borrowed by the borrower. The money that is deposited by the customer will be used by the bank to give business loan, auto loan, mortgages and home repair loans.
| Previous Question | Next Question |
| Tell me your Methods for Meeting Goals? | Tell us what is the difference between bank guarantee and letter of credit? |