Question

Explain any three merits and three limitations of commercial bank

Answer 1

Answer:

advantage is commercial banks' ability to provide low prices. They act like wholesale companies buying in bulk and selling at a discount. Most commercial banks will not charge fees to open or maintain checking and savings accounts, and their real estate loans are usually offered at low interest rates.

disadvantages are.....

In a word: cost. Commercial banking or business accounts are often more expensive than traditional bank accounts. Banks may charge fees for night deposits, for processing a certain number of checks and for the payroll services

Explanation:

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