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What Are Commercial Banks? - Definition, Roles & Functions

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is the best explanation of a commercial bank?

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1. Which federal organization monitors commercial banks?

2. Which of the following is not a traditional commercial banking function?

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About This Quiz & Worksheet

The quiz and worksheet combo will test your knowledge of commercial banks. During the quiz, you will be tested on their role and the federal organizations that monitor them.

Quiz & Worksheet Goals

During the assessments, you will be tested on:

  • Functions of traditional commercial banking
  • The most important role of commercial banks
  • Where a bank gets most of its money to lend
  • Federal organization that monitored commercial banks

Skills Practiced

  • Information recall - access the knowledge you've gained regarding commercial banks
  • Knowledge application - use your knowledge to identify their most important role
  • Critical thinking - apply relevant concepts to examine information about organizations that monitor commercial banks in a different light

Additional Learning

To study more about commercial banks, review the lesson What Are Commercial Banks? - Definition, Roles & Functions. The lesson features the following objectives:

  • Define a commercial bank
  • Cover the functions of a commercial bank
  • Explore where the commercial banks get the money to lend
  • Identify organizations that monitor the banks
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