Question

explain any five commercial functions ?

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Answer 1

Answer:

Answer: 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. Q2.

Explanation:

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Answer 2

Explanation:

your answer

▪️ 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.

commercial bank is a financial institution which performs the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profit. In fact, commercial banks, as their name suggests, axe profit-seeking institutions, i.e., they do banking business to earn profit.

The three fundamental functions of commercial banking are, then, discount, deposits, and note issue; discount (and loan) is, in practice, but one method of creating deposits and note issue; and the three functions readily reduce themselves to one, namely, the guaranty of the credit of individuals.

EXAMPLE............

,▪️Accepting Deposit of Customers.

▪️Advancing and granting loans.

▪️Overdraft facilities.

▪️Collection of Money.

▪️Purchase and sales of securities.

▪️Safe deposit vault.

▪️Dealing in foreign exchange.

▪️Discounting of Bill of Exchange.