Which is the best description of services offered by a consumer bank? (1 point) Responses implementation of economic policy for the government though managing money supply implementation of economic policy for the government though managing money supply business planning and counseling business planning and counseling depository accounts, loans, mortgages, credit cards, safety deposit boxes depository accounts, loans, mortgages, credit cards, safety deposit boxes high-end wealth management services and investment counseling

Question

Which is the best description of services offered by a consumer bank? (1 point) Responses implementation of economic policy for the government though managing money supply implementation of economic policy for the government though managing money supply business planning and counseling business planning and counseling depository accounts, loans, mortgages, credit cards, safety deposit boxes depository accounts, loans, mortgages, credit cards, safety deposit boxes high-end wealth management services and investment counseling

Answer 1

Depository accounts, loans, mortgages, credit cards, safety deposit boxes

Answer 2

The best description of services offered by a consumer bank is depository accounts, loans, mortgages, credit cards, and safety deposit boxes.

Answer 3

To determine the best description of services offered by a consumer bank, we need to analyze the given options and compare them.

1. Implementation of economic policy for the government though managing money supply: This option is not related to consumer banking. It refers to central banks' role in managing monetary policy at a macroeconomic level.

2. Business planning and counseling: While some banks may offer business planning and counseling services, this option does not encompass the full range of consumer banking services.

3. Depository accounts, loans, mortgages, credit cards, safety deposit boxes: This option represents a broad range of consumer banking services. It includes depository accounts (such as checking and savings accounts), loans (personal loans, auto loans, etc.), mortgages, credit cards, and safety deposit boxes for storing valuable items.

4. High-end wealth management services and investment counseling: This option refers to specialized services offered by banks to high-net-worth individuals. While it is a valid service, it is not representative of the overall services provided by a consumer bank.

Considering the options provided, the best description of services offered by a consumer bank is depository accounts, loans, mortgages, credit cards, and safety deposit boxes. These services are commonly offered by consumer banks to cater to the needs of individual customers.