Question

Explain about rise of western commercial banks.

Answer 1

Answer:

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Explanation:

Answer 2

Answer:

A commercial bank is a kind of financial institution which carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, etc.

These banks are profit-making institutions and do business only to make a profit.

two primary characteristics of a commercial bank are lending and borrowing. The bank receives the deposits and gives money to various projects to earn interest (profit). The rate of interest that a bank offers to the depositors are known as the borrowing rate, while the rate at which banks lends the money is called the lending rate.

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