Question

✌️Good evening gaiis ✌️
.
.
Explain the secondary function of commercial bank? ​

Answer 1

Answer:

Secondary Functions of Commercial Banks

A bank acts as an agent to its customers for various services like: Collecting bills, draft, cheques, etc. Paying the insurance premium, rent, loan installments, etc. Working as a representative of a customer for purchasing or redeeming securities, etc. in the stock exchange.

Answer 2

${\bold {\huge {\mathcal {ANSWER:}}}}$

A bank acts as an agent to its customers for various services like:

• Collecting bills
• draft, cheques
• Paying the insurance premium
• rent
• loan installments

Working as a representative of a customer for purchasing or redeeming securities, etc. in the stock exchange.