What are three characteristics of a modern bank?
A. Modern banks are owned by corporations or stockholders; they operate to provide home loans to recent graduates; and they only provide services to account holders.
B. Modern banks are owned by corporations or stockholders; they operate for profit; and they provide services to both account holders and the public.
C. Modern banks are owned by members; they operate for the benefit of members; and they only provide services to members.
D. Modern banks are owned by members; they operate for a profit; and they provide services to both account holders and the public.
Answer: B
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