Question

Difference between Central Bank and Commercial Bank.​

Answer 1

Answer:

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ᴄᴇɴᴛʀᴀʟ ʙᴀɴᴋ ɪꜱ ᴛʜᴇ ʙᴀɴᴋᴇʀ ᴛᴏ ʙᴀɴᴋꜱ, ɢᴏᴠᴇʀɴᴍᴇɴᴛ, ᴀɴᴅ ꜰɪɴᴀɴᴄɪᴀʟ ɪɴꜱᴛɪᴛᴜᴛɪᴏɴ, ᴡʜᴇʀᴇᴀꜱ ᴄᴏᴍᴍᴇʀᴄɪᴀʟ ʙᴀɴᴋ ɪꜱ ᴛʜᴇ ʙᴀɴᴋᴇʀ ᴛᴏ ᴛʜᴇ ᴄɪᴛɪᴢᴇɴꜱ. ᴛʜᴇ ᴄᴇɴᴛʀᴀʟ ʙᴀɴᴋ ɪꜱ ᴛʜᴇ ꜱᴜᴩʀᴇᴍᴇ ᴍᴏɴᴇᴛᴀʀy ᴀᴜᴛʜᴏʀɪᴛy ᴏꜰ ᴛʜᴇ ᴄᴏᴜɴᴛʀy. ᴛʜᴇ ᴄᴇɴᴛʀᴀʟ ʙᴀɴᴋ ᴅᴏᴇꜱ ɴᴏᴛ ᴇxɪꜱᴛ ꜰᴏʀ ᴍᴀᴋɪɴɢ ᴀ ᴩʀᴏꜰɪᴛ, ᴡʜᴇʀᴇᴀꜱ ᴄᴏᴍᴍᴇʀᴄɪᴀʟ ʙᴀɴᴋ ᴏᴩᴇʀᴀᴛᴇꜱ ꜰᴏʀ ᴍᴀᴋɪɴɢ ᴀ ᴩʀᴏꜰɪᴛ ꜰᴏʀ ɪᴛꜱ ᴏᴡɴᴇʀꜱ.

Answer 2

Explanation:

Central Bank is the banker to banks, government, and financial institution, whereas Commercial Bank is the banker to the citizens. The Central Bank is the supreme monetary authority of the country. ... The Central Bank does not exist for making a profit, whereas commercial bank operates for making a profit for its owners.