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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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Question

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

One Line Answer
One Word/Term Answer
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Solution

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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Chapter 2: Business Services - Write a word or phrase [Page 83]

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