Which of the following are correct statements regarding commercial banks?
(A) Commercial banks only deal with government transactions.
(B) Commercial banks provide loans to individuals and businesses.
(C) Commercial banks create money through the lending process.
(D) Commercial banks operate under the regulations set by the central bank.
(E) Commercial banks do not offer any form of savings accounts.
Choose the correct answer from the options given below:
1
(B), (C), and (D) only
2
(A), (B), and (E) only
3
(C), (D), and (E) only
4
(A), (D), and (E) only