Answer :
Final answer:
Commercial banks provide a range of financial services, including accepting deposits, making loans, and engaging in investment activities to enhance economic exchanges.
Explanation:
Commercial Banks provide services such as accepting deposits to checking and savings accounts, making loans for business, personal, and auto purposes, issuing credit cards and mortgages, and borrowing money from other sources. They also engage in activities like borrowing in the commercial paper market and making investments in stocks and bonds to earn higher returns.
Banks act as financial intermediaries, accepting depositors' money and lending it to borrowers, while also offering services like checking accounts to create checkable deposits. Without these functions, banks cannot create money or provide other services.
Banks play a vital role in facilitating economic exchanges, as they enhance the efficiency of market transactions through services like safekeeping, lending, and investment activities.
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