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Mention an Important Difference Between a Commercial Bank and the Central Bank. - ICSE Class 10 - Economics

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Question

Mention an important difference between a Commercial Bank and the Central Bank.

Solution

The central bank is the apex bank and is also known as a bank of all the banks. While a commercial bank functions under the control of the central bank.

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APPEARS IN

 2016-2017 (March) (with solutions)
Question 6.1 | 5.00 marks
Solution Mention an Important Difference Between a Commercial Bank and the Central Bank. Concept: Commercial Banks: Functions.
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