Question

Explain the functions of commercial banks with an example of each

Answer 1

Answer:

A 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.

Answer 2

Answer:

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Solution:-

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the primary function of a commercial bank are accepting deposits and also lending funds. Deposits are current, savings or etc

ex=they do banking to earn profit

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