Banking May Be Subdivided into at Least Three Categories of Banks

Banking may be subdivided into at least three categories of banks. Match the definitions with the appropriate name.
I. A bank that specializes in retail or consumer banking in a local market
II. A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services
III. A bank that is located in a financial center and relies on nondeposit or borrowed sources of funds for a significant portion of its liabilities

A) Money center bank; community bank; super-regional bank
B) Community bank; money center bank; super-regional bank
C) Super-regional bank; money center bank; community bank
D) Money center bank; super-regional bank; community bank
E) Community bank; super-regional bank; money center bank

Correct Answer:

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