describe the functions of commercial bank
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Accepting deposits: The most significant and traditional function of commercial bank is accepting deposits from the public. ...
Providing loans: ...
Credit Creation: ...
Transfer of funds: ...
Agency functions: ...
Other functions:
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The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.
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