हिंदी

Question:22 Write a Word Or Phrase Or a Term Which Can Substitute Each One of the Following: a Bank, Which is Known as Banker'S Bank. - Organisation of Commerce and Management

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प्रश्न

Write a word or phrase or a term which can substitute the following:
A bank, which is known as banker's bank.

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उत्तर

A bank, which is known as banker’s bank - Central Bank
Explanation:
The central bank is known as the banker's bank because it controls the working of commercial banks and also provides them guidance. The central bank accepts deposits from commercial banks and holds them as reserves for them.

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अध्याय 2: Business Services - Write a word or phrase [पृष्ठ ८३]

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मायकल वाझ Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 2 Business Services
Write a word or phrase | Q 5 | पृष्ठ ८३
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