Question

Commercial banks play an important role in the credit creation process. Explain the

credit creation process of commercial bank with an example.​

Answer 1

Answer:

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Explanation:

Answer 2

Answer:

The most important function of a commercial bank is the creation of credit. Therefore, money supplied by commercial banks is called credit money. Commercial banks create credit by advancing loans and purchasing securities. They lend money to individuals and businesses out of deposits accepted from the public.

Explanation:

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