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I believe the answer is: A. a retail bank
Retail bank is the type of bank that focus on serving personal customers for their daily needs.
- Saving and loans usually serve the customers who want to obtain loan to fund their business.
- Commercial bank usually used by someone who are guidance to manage their finance
- Investment bank facilitates the purchase of various investment products (such as stocks and bonds)
The student must open a retail bank in the bank as it gives them the facility of the opening of a free checking account.
A retail bank may also be regarded as consumer banking or personal banking. It gives services to the general public, rather than to companies. Therefore, Â individuals may just deposit their funds and avail credits in order to manage their funds effectively.
However, a savings and loan bank refers to financial institutes that provide credit to people. The commercial bank offers all banking-related services to individuals of the society as well as to businesses. Investment bank deals with investment-related services, especially to investors and companies.
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