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Define a Commercial Bank. - ICSE Class 10 - Economics

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Question

Define a commercial bank.

Solution

A commercial bank is defined as a financial institution which provides services such as accepting deposits, giving business loans, mortgage lending and basic investment products such as savings account and certificates of deposit.

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APPEARS IN

 2013-2014 (March) (with solutions)
Question 8.1 | 5.00 marks
Solution Define a Commercial Bank. Concept: Commercial Banks: Functions.
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