Advertisements
Advertisements
Question
Give the meaning of Commercial Banks?
Advertisements
Solution
Banks that accept deposits from the public and grant loans to traders, individuals, agriculture, industries, transport, etc., in order to earn profit.
APPEARS IN
RELATED QUESTIONS
How is a commercial bank different from a central bank?
Write Short Note on the following:
Types of banks
Explain the types of banks?
What are Foreign Banks?
Explain the various types of banks based on organization with examples.
Which of the following banks regulate the supply of money in the economy?
Name one development bank.
“The central bank is a banker’s bank.” Explain.
"The central bank is the lender of the last resort." Explain.
______ are of several types, e.g., commercial, central, industrial, merchant, exchange, agricultural, cooperative, postal and indigenous.
