Ace the 2025 Michigan Teacher Certification in Social Studies – Elevate Your Teaching Dreams!

The primary function of commercial banks is to accept deposits and provide security and convenience to customers. This role is foundational to the banking system, as it enables individuals and businesses to securely store their money while having access to it when needed. By offering various types of deposit accounts, such as savings and checking accounts, commercial banks provide a place for customers to manage their finances effectively.

In this context, commercial banks also play a vital role in the economy by facilitating access to financial services. They provide customers with essential tools like debit cards and online banking, which enhance convenience and accessibility to their funds. Moreover, the deposits collected are utilized to extend loans to individuals and businesses, further stimulating economic activity.

While the other options reflect various services related to banking, they do not capture the core function of commercial banks as well as the correct answer. Providing loans to governments is typically a specialized function not characteristic of all commercial banks, while offering investment advice and facilitating international transactions are functions more aligned with investment banks or international banking institutions rather than the primary operations of commercial banks.