A. Basically, a bank is what a bank does, regardless of the name given to the institution by the owners or others.
B. Indeed, so numerous are the services offered today by commercial banks that these institutions are often called financial department stores.
C. A bank in the usual and traditional sense is a financial institution offering two major services to the public.
D. The name of a bank is used very loosely today to describe a wide variety of institutions.
E. A transaction account is essentially equivalent to a checking account.
F. To be sure, banks offer many other services than just transactions accounts and loans.
G. The financial institution comes closest to this definition in the commercial bank.