Question

Give two reasons why Commercial Banks are necessary in addition to the

Central Bank.​

Answer 1

Answer:

commercial bank are important to economy because they create credit,capital and liquidity in market.

However, the primary goal of central banks is to provide their countries' currencies with price stability by controlling inflation. A central bank also acts as the regulatory authority of a country's monetary policy and is the sole provider and printer of notes and coins in circulation.

Explanation:

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